I was worried about Bitcoin when it has broken down the overall uptrend support (at letter A) and has failed to get back into this uptrend area (letter B).
After this penetration of uptrend was unsuccessful, Bitcoin had to retest low of (C)7,765 to 7,600$ which was successful and Bitcoin has managed to perform another test, but failed but has found support at the top of (E) and this was the first sign of performing uptrend.
Again the same thing, first time the bottom of resistance was tested (D) and then next time the top of was tested with also an uptrend test (F). That was unsuccessful but Bitcoin has managed to find support at and has managed to test this level for one more day and broke through massively!
Bitcoin is currently testing and has a lot of uptrends levels to rely on. I think that next move will be a test of the top of the then it would be ideal for Bitcoin to find support at 8,740$ with the help of many uptrends.
That would be all from me!
If you think that I have forgot to mention something important, ask me down below!
Also I will post updates in any timeframe.
Thanks and good luck trading!
Currently in a flag, preparing for a sharp move as its currently below strong resistance level. Keep on watching some price action.
Two weeks update
I hope each one of you is aware of weekly and more time frames..
Basically we have a long term uptrend rising and the fact that two week RSI has broken through 60 level and has managed to find support on its literally crazy bullish in my opinion!
currently in resistance area. 8870 is current resistance, 8700 support.
Starting to look like an ascending triangle, RSI still above 60 which is a bullish sign