UnknownUnicorn4547896

Short Term Bull Run

Long
BITMEX:XBTUSD.P   Bitcoin
As my previous analysis came true, now we can look for a buying opportunity. The Oscillator shows a clear bullish divergence from price action, which has been falling over the last 24 hours. Also the price action is trapped in a channel, once it breaks through the resistance line we can comfortably see a further surge in price up to the next resistance level of 8185, which is Fib .62 level. The RSI shows the market is in a moderately oversold zone that leaves room for an increase in price.
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