kjrthi

Bearish days are over?

Long
kjrthi Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
I'm Resharing the idea that I posted in the BTCUSDTPER section (almost the same here).
It seems to be working great!

I think the so called bear trend is over and BTC is going to test further resistances based on the trend based Fibo!

Why do I think BTC is forming a bullish breakout and my targets in forth coming days!

1. Descending channel got broken. (Yellow line)

2. At the same time, BTC closed above the 0.236 (short term Resistance) easily. which is 48900 USDT.

3. According to the trend BTC may be heading towards 0.382 the near term Resistance which is 53200 USDT. (TP 1)

4. My second profit taking target will be the Golden ratio of Fibo 0.5 (56700 USDT).

5. If strongly close above 0.5 it may easily test 0.786 and spike upto 1.

Cheers!
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