Bitcoin has officially made a high timeframe high low. The original 9.8k low has held and is starting to look more & more bullish.
Our algo sell signal fired at 11.2k giving, us an opportunity to long the OTE fib level (.75). BTC is currently in an ascending triangle with a top resistance of 11.2k. The rule of thumb suggests that such triangles have a high probability of breaking to the upside. As soon as we get a break above that resistance area, we should easily target 11.4-11.5.
Based on our Exhaustion Algo (located at bottom), we are ready for a significant move up to the 11k range. Our bullish bias stands & dips should be for buying purposes. Only when & if 10.2s are lost should we discuss lower pricing.
Follow, Like & Share! Look at my signature for more updates on our indicators & analysis :)
Our algo sell signal fired at 11.2k giving, us an opportunity to long the OTE fib level (.75). BTC is currently in an ascending triangle with a top resistance of 11.2k. The rule of thumb suggests that such triangles have a high probability of breaking to the upside. As soon as we get a break above that resistance area, we should easily target 11.4-11.5.
Based on our Exhaustion Algo (located at bottom), we are ready for a significant move up to the 11k range. Our bullish bias stands & dips should be for buying purposes. Only when & if 10.2s are lost should we discuss lower pricing.
Follow, Like & Share! Look at my signature for more updates on our indicators & analysis :)
Join our discord to request access to our buy sell indicator!
✔ Telegram: t.co/svvfkV3H7I?amp=1
✔ Discord: discord.gg/bqvYxc3
✔ Twitter: twitter.com/CryptoLouca
✔ Pattern Trading - Another way to trading
✔ Telegram: t.co/svvfkV3H7I?amp=1
✔ Discord: discord.gg/bqvYxc3
✔ Twitter: twitter.com/CryptoLouca
✔ Pattern Trading - Another way to trading