1 Hour BTC - BITCOIN IS BREAKING THE FLAG! CAN SHE RUN HIGHER?
Hello All,
I'm currently looking at the 1 hour chart and things are looking pretty good at the moment. For one we seem to be breaking our of the bull flag that had been playing out over the last few hours to the upside. Second, the MACD and STOCH RSI are turning positively for the short term at least. This can potentially lead us on a run into resistance around 6700 where we would then test the down sloping resistance that has yet to be conquered over the last few months.
Interesting to note the positive movement of bitcoin on a day when the U.S Equities Markets are struggling pretty badly. This is a good sign that maybe bitcoin is again being used a store of value during turbulent times in the stock market.
After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like! as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.
I'm currently looking at the 1 hour chart and things are looking pretty good at the moment. For one we seem to be breaking our of the bull flag that had been playing out over the last few hours to the upside. Second, the MACD and STOCH RSI are turning positively for the short term at least. This can potentially lead us on a run into resistance around 6700 where we would then test the down sloping resistance that has yet to be conquered over the last few months.
Interesting to note the positive movement of bitcoin on a day when the U.S Equities Markets are struggling pretty badly. This is a good sign that maybe bitcoin is again being used a store of value during turbulent times in the stock market.
After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like! as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.