Technicals:
Moreover, there is a strict correlation between gold and BTC. If you are looking for a safe heaven to park your cash into - gold is the first choise, while BTC is becoming the second one.
Gold in the last few weeks has been gaining momentum, I expect Bitcoin to follow it's course.
TP: 9000 $
You can place your Stop-loss underneath the EMA1000.
Good luck!
- We have a nice breakout from the descending triangle pattern (green figure)
- We have an inverted Head and Shoulders patter (purple lines)
- We have touched EMA1000 and had a nice bounce from it
- MACD and RSI showing bullish momentum. On the MACD the histograms are creating a bullish divergence in comparison to the price action. What is more the signal average is approaching the 0 line and will probably enter bullish territory. RSI crossed 50 level and heading north.
Moreover, there is a strict correlation between gold and BTC. If you are looking for a safe heaven to park your cash into - gold is the first choise, while BTC is becoming the second one.
Gold in the last few weeks has been gaining momentum, I expect Bitcoin to follow it's course.
TP: 9000 $
You can place your Stop-loss underneath the EMA1000.
Good luck!
Trade closed: target reached
