At previous analysis we success hit bottom price at symetrical triangle support, and now bitcoin success break up bullish confirmation level.
this is very good news for bullish.
In this chart, we will discuss long term analysis and short term analysis.
You can see that we have triangle pattern here, and we also have support zone at $5800 to $5880.
This area will be a strong support in case symetrical triangle failed.
for next resistance we have triangle resistance, around fibonacci 0.09 at $7050,
if this resistance break up, a good bullish wave will perform with $11150 target at symetrical triangle resistance and this level also as fibonacci 0.382.
To follow bullish movement, we have short term analysis,
you can check here :
note : to understand better about this analysis, check our daily video analysis
this is very good news for bullish.
In this chart, we will discuss long term analysis and short term analysis.
You can see that we have triangle pattern here, and we also have support zone at $5800 to $5880.
This area will be a strong support in case symetrical triangle failed.
for next resistance we have triangle resistance, around fibonacci 0.09 at $7050,
if this resistance break up, a good bullish wave will perform with $11150 target at symetrical triangle resistance and this level also as fibonacci 0.382.
To follow bullish movement, we have short term analysis,
you can check here :
note : to understand better about this analysis, check our daily video analysis
Trade active:
this analysis closed, we have new update ^_^