Hi guys!
As we see on this 1 D chart, BTC is teasing us. Triangles after triangles and triangles within triangles!
Bullish or bearish break... That is the big question!
For me personally, everything seems to be more bullish. For sure on the fundamental side! TA is a bit tricky now, but I would call this a bottoming out process and the spike to the upside is coming within the next week.
6800 areas need to be broken and finding solid support after hitting resistance at the 7100 areas 0.618 Fib level, would be a great indicator for the bulls getting back in control.
At the moment almost all indicators are neutral...
Let us see how this Sunday closes our weekly candle first.
I hope we are heading UP UP UP!
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
As we see on this 1 D chart, BTC is teasing us. Triangles after triangles and triangles within triangles!
Bullish or bearish break... That is the big question!
For me personally, everything seems to be more bullish. For sure on the fundamental side! TA is a bit tricky now, but I would call this a bottoming out process and the spike to the upside is coming within the next week.
6800 areas need to be broken and finding solid support after hitting resistance at the 7100 areas 0.618 Fib level, would be a great indicator for the bulls getting back in control.
At the moment almost all indicators are neutral...
Let us see how this Sunday closes our weekly candle first.
I hope we are heading UP UP UP!
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.