After correcting from 5300 to 4800 area the chart shows what I am expecting for BItcoin now in a simple and clear way.
I will be waiting for the double bottom to be confirmed and then will consider opening a long position or will just hold my BItcoins and let them ride.
I will be waiting for the double bottom to be confirmed and then will consider opening a long position or will just hold my BItcoins and let them ride.
Comment:
After breaking above ascending triangle Bitcoin made a classic retest of previous resistance which is now the support. Things are looking very bullish and by classical charting you will get 6000 as the next target but using my methods I am going to observe also 5700-5750 area. Knowing that that's why I have the 5700$-6000$ target.
Comment:
Updated chart. Target still same.