I cleaned up the chart a little. I'll give you 1 guess where we are headed? $9,000 by Turkey Day?
I think the Fibonacci lines look good? There are a few trend lines in play. Maybe divergence? It seems quiet for now. Let's see what the manic weekend traders get up too, if anything?
Now that we all settled into the day, take a look at the fib's on this chart!
So we bounced off the monthly pivot. Buyers stepped in. Ran into other support levels, Fib retracement, etc! Let's see what the new week holds, not that the crypto market closes!
Have a great weekend everyone! Watch for the pivot lower, if it breaks support!
Bitcoin has been working hard to get where it is! It looks like it is consolidating under the upper trendline. Does it have what it takes for another big push?
Is this a Head and Shoulders formation... asking a friend?
...it's probably only a question of time before this crypto-thing breaks to new high's, over $6,600 and then higher! Warning: Don't try and call a top in Bitcoin!
Running into some support here on the Daily chart. Better viewed on a 4H chart.
Took a longer term look, Daily that is. Running into support, let's see what happens.
Bitcoin is back into the range. It is still overbought on the Daily, not shown in this chart! Some divergence again.
I'll give you one guess where we're headed? Ignore the Overbought status for a bit!
If you look really closely, you can see where it's headed! Hint: Top trend line at about $6,500 - $6,600. We just need to work off/ negotiate the Overbought position. Have a Happy Friday 13th.