walid0094

BTC 10 weeks consolidation period about to end

Long
COINBASE:BTCUSD   Bitcoin
the pattern is clear. looks like btc is enjoying inside the channel with series of HH HL we might see a new higher high this year. its just a matter of time lets analyze one by one. after 10 weeks of consolidation period btc sell side pressures getting weak its crystal clear on MACD. the logic says after a long periods of consolidation we should expect a reversal. in order to come back a bull run btc must close above the resistance at 43.200 and reclaim the 50EMA as a support for further continuation


thanks for reading
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