Wee93

BTCUSD - MAKING NEW ATH EACH AND EVERYDAY NOW

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD - Making ATH every weeks

Not much to discussed about Bitcoin, bullish as usual, RSI level is around 68, suggesting more rooms to go before entering the overbought zone.

Price is respecting to the ascending channel, finding support nicely at the trendline.

Price found support at 0.618 fib level, both Ascending channel and fib levels suggesting next target should be around 76k to 80k before correction.

Reasons to be super bullish
1) RSI above 50
2) Price found support at previous resistance, resistance flipped into support
3) MACD green on daily and any TF
4) Trading inside the ascending channel
5) Above all MA on daily TF

To the moon guys!!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.