So, Friday evening we seen a small rally from Bitcoin that finally got us out of the latest downtrend that started back on May 6th.
This is a small breakout, but this is huge for the entire market. We seen altcoins immediately rally after the small Bitcoin bounce and this is changing the market sentiment.
Bitcoin has settled down and found strong support at 6300. What's next?
I have found some bullish indicators forming that suggest Bitcoin will go up.
1) Looking at the 4hr chart, a bull flag has now formed.
2) Cup n Handle
3) EMA20 about to cross up the EMA55
So, these indicators to me suggest Bitcoin may continue to rise in price.
Please let me know your thoughts on this, your comment, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Bitcoin has settled down and found strong support at 6300. What's next?
I have found some bullish indicators forming that suggest Bitcoin will go up.
1) Looking at the 4hr chart, a bull flag has now formed.
So, these indicators to me suggest Bitcoin may continue to rise in price.
Please let me know your thoughts on this, your comment, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Trade active:
There goes BTC, nice movement up
