On the daily Bitcoin chart we can spot several bullish signals:
- Touch support line of parallel channel
- Golden cross 50MA over 200MA
- Hidden bullish divergence on RSI
Target 1: Psychological resistance @10k
Target 2: Long-term resistance line (white) @10.4k
At first, we spot a biiiiig bullish divergence on the RSI. In combination with a double bottom touch made at approx. 8650, it was a sign that Bitcoin was going to go back up again. Now the confirmation is there with the hourly candle closing above the resistance line from the pattern.
Bitcoin Cash in lower part of the parallel channel, with fibonacci levels acting as support and resistance. Right now price action between 23.6% and 38.2%. I expect growth towards 61.8% level, top of the parallel channel.