This is my first chart on here. From what I can see, Bitcoin
is in an ascending wedge
) since the last low below 3,000 USD. In addition we are currently around 0.618 fib retracement level from All time high, ad there is a lot of resistance above this around $4,400 as well. It will need a strong buy volume
to push upward. On the positive it has broken out of the major downtrend recently and 50 day ema
has passed above 100day ema
on 4 hour chart. Also been using cloud analysis learned from IAmSatoshi and using 4 hour bitcoin ichimoku
. (1)Price broke above cloud, check, (2)cloud green kumo twist, check, (3)Tenkan Kijun line cross check, (4) trailing indicator above cloud and price, check.
In Short I have no idea where bitcoin
is going to go in the next few days but keeping an eye for a potential signs strong move either up or down.