Today we are at your service by examining the BTC currency trend.
Bitcoin is still in an uptrend after falling below the price of 13,900 and has shown good reactions to the ceiling and floor of this channel.
I expect Bitcoin to move towards the channel ceiling and price growth up to 13,700. On the other hand, this area is for a strong authority.
As I stated a few days back I am looking for a long position till 1.16620
Now, that has become an objective to trade to, my upside target is 1.16960.
Once we fulfill 1.16960 we could see some extreme exhaustion to downside delivery.
Still looking for "trend line theory" to break. Watch, focus on 1.16960.
Not going to lie, but ETH looks kind of bullish right now. Parabola continues to act as support and what is more interesting is that we are getting 21 and 55 EMAs contractions on the daily. Similarly to the end of August, those EMAs are rather going parallel now, which was exactly the case when the price took off last time. Now, the price need to reclaim 21 EMA...
We have a nice bulish falling wedge pattern broke already and a strong bulish momentum and expected some volatility today for CAD.
Price is respecting the bulish market structure and also a bigger channel from zoom Daily perspective ⬆️📈🙌