Doubt btc breaks the 12500 resistance but if it does we might see 26k. I prefer my other chart that follows a larger cycle pattern, which would call for a failure at 12500 zone and continue downward to the 3500 buy zone , before climbing to a million dollar + bullrun of all time.
However this chart does provide the bulls a good case .... btc has crossed into bullish Gann, slightly upward trending wedge at 618 fib zone, and a macd showing consolidation is over with a bullish bias. RSI has hung out in the oversold for awhile now ....
Should this bullflag at 12500 form and break upwards , fomo might help btc volume and turn this market around... then others such as xrp would be able to keep cycling to the max of their potential .
That would be so nice.
However this chart does provide the bulls a good case .... btc has crossed into bullish Gann, slightly upward trending wedge at 618 fib zone, and a macd showing consolidation is over with a bullish bias. RSI has hung out in the oversold for awhile now ....
Should this bullflag at 12500 form and break upwards , fomo might help btc volume and turn this market around... then others such as xrp would be able to keep cycling to the max of their potential .
That would be so nice.
Comment:
Slide left or right, zoom in or out , to make the Gann 1/1 line up with purple 40 degree line for accuracy