Rashad

Bitcoin Possibly Back to 300

Long
BITSTAMP:BTCUSD   Bitcoin
R2 Fibonacci Pivot Break
Vortex indicator shows a larger move is still possible, VI + is above 1.2
RSI shows Bitcoin is becoming Overbought, however since RSI 7 is above RSI 14 the Bulls have an edge
An ascending triangle seems to be forming.

Bearish scenario - Bitcoin moves back towards $267
Bullish scenario - Bitcoin moves towards $303

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.