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RSibayan

Bitcoin - Watching The Green Support Trend Line

Bitcoin (COINBASE:BTCUSD)  
RSibayan Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
5
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trendanalysis chartpattern
Watching The Green Support Trend Line

Downside Breakout Target: $10,825
Upside Target: $11.6K
Comment:
Bitcoin is below the 20 Period Moving Average. Probability of a breakout to the downside is high. Bitcoin must stay above the 20 Period Moving Average if it hopes to continue it's upside journey.
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Comment:
Currently trading below the 20 Prd MA
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Comment:
Bitcoin trading above the 20 Prd MA and passing the $11,375 price point is a good indicator of further upside price action.
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Comment:
So far so good.
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Comment:
Bitcoin now trading above the 20 Prd MA and has passed the $11,375 price point. More than likely it will continue its upside journey to $11.6K.
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Comment:
Bitcoin continues to struggle to get above the $11,375 price point.
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Comment:
Bears trying to sell but the bulls just buy the dips right up.
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Comment:
Good recovery by the bulls.
Comment:
Bulls must now push the price up past $11,377 if they wish to continue this uptrend.
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Comment:
Comment:
Bitcoin breached the green support trend line and was below the 20 Prd Moving Average when it broke to the downside.
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Comment:
BULL FLAG
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Comment:
Comment:
Bull Flag, Bitcoin above the 50 Prd MA.
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