BTC making its way up the ascending channel with a nice break out today after ranging since 8 FEB .
Now we have broke that resistance that has held us back for the past 3 attempts we can now see with a Fib Expansion pull
the levels ahead that align perfectly with the top/middle of the channel , with 70k coming in as our 1-1.
A break of the ATH will push us on our way but if your not positioned right now then you could expect to see a pull back to the
VWAP region and a backtest of that prev resistance level .... All shown in chart if you wanted to take that opportunity
Market structure is bullish printing HL s as we make our way up the channel .
Fib Speed fan also visible on chart displaying what a respected journey its been for BTC ...Strap in
Have a plan and know where your wrong , Use a Sl and if you dont have a position as long as your holding Bitcoin then your still in a position .. Follow and Like ...Thanks with Gratitude
Please Note although I have some prices marked out in the flags , this does not mean i expect price to just go up without any consolidation or a battle at 58k ....
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BTC breakout like clockwork at the weekend with many Bearish going into friday evening as well as the amount of shorts opening at the lows yesterday *12 march im not surprised at all to see higher prices today .
61276 is my first target so lets see what happens when we hit the said target
Nice chart and analysis! I've never tried the Fib Speed indicator until now. I threw it onto a random shit coin from cycle low to high in uptrend and the .618 was nailed perfectly. Definitely going to do some back testing with it on different time frames, thanks very much!!
SJTRADESFUTURES
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@crustybastard, Hey mate Yep it is really powerful and Im super pleased for your experience . Your welcome and Good luck Bro