gandore4

Bullish on BTC

BITFINEX:BTCUSD   Bitcoin
We can see a bullish falling wedge on the daily chart for BTC. Also if we take a look at the RSI we can see how after it breaks a resistance downtrend line it goes to a new high. I believe that this in combination with us being at almost 2/3 of the falling wedge is an indicates a high probability that we will break out of the wedge in this uptrend and after that it will be HH and HL. Now just waiting for a confirmation from the 9 MA crossing the 18 MA.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.