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npatton189
Nov 26, 2018 3:48 AM

BTC looking to break out for higher prices soon 

Bitcoin / US Dollar IndexBitMEX

Description

charting BTC seems to have a nice descending triangle forming, with a Lower support off of a previous resistance. using the fibs for a shorter term and longer term so please mind the lines. also we are currently being rejected by the 200 day MA. I think if we can see some nice volume coming in, we can break out of this to the upside. also for what I have charted, we are testing a trend channel we have been in since the beginning of the year, that we have just previously broke out of bearishly. we can possibly see some target of 4300-4800 (.382-.618) if we can break the .236.
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