BREAKING!
BTC is currently breaking out of a DESCENDING BROADENING WEDGE -a BULLISH REVERSAL pattern, which is likely to be the HANDLE structure in the larger CUP&HANDLE BULLISH REVERSAL pattern.
For T2 ($8600), watch for PA to break NECKLINE of the C&H: $627150% FIB
For T1 ($7137), watch for PA to remain outside of BROADENING WEDGE.
Keep your eye on this PA though, BTC has been breaking BULLISH PATTERS for the last 48 hours (It's been REALLY frustrating!), but I think we're back on track for the move up!
Good Luck!
BTC is currently breaking out of a DESCENDING BROADENING WEDGE -a BULLISH REVERSAL pattern, which is likely to be the HANDLE structure in the larger CUP&HANDLE BULLISH REVERSAL pattern.
For T2 ($8600), watch for PA to break NECKLINE of the C&H: $627150% FIB
For T1 ($7137), watch for PA to remain outside of BROADENING WEDGE.
Keep your eye on this PA though, BTC has been breaking BULLISH PATTERS for the last 48 hours (It's been REALLY frustrating!), but I think we're back on track for the move up!
Good Luck!
Keep your eye on this PA though, BTC has been breaking BULLISH PATTERS for the last 48 hours (It's been REALLY frustrating!), we could test that first 50% Fib @ $6271 then head down to test the 200MA before heading up.
30m MACD just crossed BULLISH*
1hr MACD rolling towards BULLISH