Maybe too early to call, but bitcoin seems to be bouncing of the 9.700 USD support and forming a cup and handle bullish pattern for a target around 17.000 USD.
We'll see if it's able to break the 50 MA resistance, the downtrend resistance and the neckline resistance for the breakup to occur, even if it's able to break those resistance, they will delay the breakup some time for sure.
I'm cautiously bullish.
We'll see if it's able to break the 50 MA resistance, the downtrend resistance and the neckline resistance for the breakup to occur, even if it's able to break those resistance, they will delay the breakup some time for sure.
I'm cautiously bullish.
Trade closed: stop reached