The uptrend on the daily is progressing nicely.
Volatility is still relatively low, which is a great sign for a strong trend. This is shown by the ATR indicator which is the 10 period ATR versus the 200 period ATR.
RSI is inching close to 70 which is likely to go above 70 for that final push we need to break above $305.
The price has formed an ascending triangle which if broken puts us likely at $440 price target.
Some people are nervous this will not break $305 at the moment, but I'm still rather confident it likely will at some point here. The weekly 20 period CCI is crossing above 0 at the moment.
I'm happy to finally see bitcoin back on an uptrend, it sure was a long downtrend. Now don't fall off the horse.
Volatility is still relatively low, which is a great sign for a strong trend. This is shown by the ATR indicator which is the 10 period ATR versus the 200 period ATR.
RSI is inching close to 70 which is likely to go above 70 for that final push we need to break above $305.
The price has formed an ascending triangle which if broken puts us likely at $440 price target.
Some people are nervous this will not break $305 at the moment, but I'm still rather confident it likely will at some point here. The weekly 20 period CCI is crossing above 0 at the moment.
I'm happy to finally see bitcoin back on an uptrend, it sure was a long downtrend. Now don't fall off the horse.
