BTC day trade. More candles needed but looking bullish
All analysis is done based off fibs which BTC loves to respect.
BTC hit the golden pocket perfectly as it usually does (yellow box). The last 1 hr candle after midday showed a lot of strength. An ascending triangle is in the making.
If we break the yellow box, we can go 1.618 of the move down to white box.
A breakout will take us to 1.618 of the move up.
We need more candles before longing/shorting but since we are making higher lows, we are more bullish atm.
BTC hit the golden pocket perfectly as it usually does (yellow box). The last 1 hr candle after midday showed a lot of strength. An ascending triangle is in the making.
If we break the yellow box, we can go 1.618 of the move down to white box.
A breakout will take us to 1.618 of the move up.
We need more candles before longing/shorting but since we are making higher lows, we are more bullish atm.