DSchutz

Bull Case Starting to Look Interesting

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Watching a promising setup on the daily for BTC . We’ve seen two stick saves right along LTS-2 (12/18/19 and 1/3/20), and we’re now seeing a nice little price floor establish around 7200. Furthermore, there’s a tiny inverse head-and-shoulders forming as well. For the bulls, watch for price action grinding higher along LTS-2 and towards the top blue line of our current downward channel . If we see a break to the upside, that could be the start of a new bullish trend , breaking nearly 9 months of lower highs.

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