Chiko1998

Chiko1998

It was recently in a bullish pattern until the dumpout, now its made a lower low and a possible elliot impulse pattern could take action after the bullish retrace

Chiko1998

It has recently broken into an uptrend & making its next impulse leg after a short retrace, on the monthly & weekly charts we can see it on its way to making the new lower high possibly towards the 101.15 area

Chiko1998

In this markup you can see an ascending triangle forming and support & resistance zones showing a large area for bullish movement. I think it will bounce off the trend line support & buy up towards the 1550 area

Chiko1998

I have set up resistance lines and support zones for the possible uptrend movement of bitcoin, blue arrows suggest a natural movement and red arrows suggest trend breaks and support zone breaks