TheChartGuys

BTC Bulls Still in Control

COINBASE:BTCUSD   比特币/美元
Bulls have been bouncing all night and staying strong with a 4 hour higher low.
The potential bearish reversal head and should pattern stands out to me, but it will NOT be confirmed unless we break the neckline of support highlighted on the chart.
The trend favors a new all time high today and the only way we need to be concerned of this potential reversal is if we consolidate all morning and into the afternoon.
Target will be $8500 on a new all time high. 5 and 15 min oversold RSI conditions continue to be golden buying opportunities on this uptrend.
RSI on the monthly is 92. Is that sustainable? if we look back, we see that when it hit 95 it fell - hard!
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