Bitcoin Weekly AQZ Potential 13k+ soon? Violated bearish engulfing on the weekly! If you gain an entry and this is the move, Aqua zones are nice levels to take partials... Enjoy!
We are seeing bullish divergence on the daily RSI and macd looks as if it can push a bit higher. The key to this Technical Analysis is Elliot Wave, I see the fifth wave, which in theory shouldn't be longer than the 3rd. So Maximum projection at 0.41usd. Good luck!
Jumping straight into it, BTC is currently trading within its descending triangle/channel, but looking to retest its overhead resistance at the $7,500 range. This sudden spike in global daily trading volume from 10b to over 20b is quite absurd. Nonetheless, it remains to show if BTC has the momentum to keep charging upward. But if history repeats itself, it...
As BTC approaches previous Support/Resistance @8750, the 50Fib AND the 1200 EMA things are going to be bulltastic. I say this because I am expecting the bulls to force this market like they have since the push up from our previous $6k range. I'm betting that they will punch the buys up through the 1200 EMA and multiple levels of psychological and technical...
BTC is about to break out in a big way. Double inside bar break-out holding 50 Daily SMA support. - We have to close strong for this break-out to have any meaning. Good luck bulls!