Daily RSI is very high, pointing to a correction.
However,
BTC
remains bullish and so, this chart explore possible routes. The first route (in purple) shows a continuation, which follows the current trend line. The second route (in red) shows a dip to the older trend line before continuation, and the third route (in black) shows a deeper dip to the demand zone before continuing upwards.
Potential profit areas are marked TP1, TP2 and TP3, based on Fibonacci extension levels.
However,
BTC
remains bullish and so, this chart explore possible routes. The first route (in purple) shows a continuation, which follows the current trend line. The second route (in red) shows a dip to the older trend line before continuation, and the third route (in black) shows a deeper dip to the demand zone before continuing upwards. Potential profit areas are marked TP1, TP2 and TP3, based on Fibonacci extension levels.
Trade active:
Looks like BTC took route 1 :)