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gingerbre4d
Apr 29, 2019 4:22 AM

BTCUSD: TO BULL OR NOT TO BULL 

Bitcoin / U.S. dollarBitstamp

Description

Jumping into this quick analysis of BTC,

April has seen some positive price action, with a spike in volume coming into the month. Breaking out from its ascending wedge, we see a potential bull flag formation in the shape of an ascending channel. Volume has not left - which is a good indicator.

For the greedy ones out there, this may be a good time to 'buy the dip' as it retests the lower threshold/support of the ascending channel.

If this support fails however, we may see a pullback to $4200 as the next support level.
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