Bitcoin has just broken up and out of the Falling Wedge.
The momentum to the upside is strong and it looks like we have other indicators showing confirmation.
With Moving Averages 7>21>200. (Bull market)
With the RSI it's above 50 (Green and bullish)
It has also broken out of an uptrend, which tells us the Falling Wedge is acting as a Continuation Pattern. My first target is $36,000. This is just an update from the previous analysis I did on Bitcoin.
The momentum to the upside is strong and it looks like we have other indicators showing confirmation.
With Moving Averages 7>21>200. (Bull market)
With the RSI it's above 50 (Green and bullish)
It has also broken out of an uptrend, which tells us the Falling Wedge is acting as a Continuation Pattern. My first target is $36,000. This is just an update from the previous analysis I did on Bitcoin.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)