With a golden cross potentially on its way I would be expecting a breakout of this bull flag of 170% in the coming weeks after the golden cross happens. The bears will try to say its dead and it is going to drop lower. Another thing to note is that we are trying to bounce off the 0.618 fib level. This is an important zone for accumulation and for the bulls to push back the bears and send Bitcoin rocketing. Neutral on the RSI and oversold of the Stochastic RSI.
This is not financial advice trading cryptocurrency is risky and you could lose most if not all of your investment.
Leave any questions and comments below, be sure to support any bearish arguments that you may have.
Stay tuned for updates as this thing unravels.
This is not financial advice trading cryptocurrency is risky and you could lose most if not all of your investment.
Leave any questions and comments below, be sure to support any bearish arguments that you may have.
Stay tuned for updates as this thing unravels.