roryh86

roryh86

BTC forming a bullish ascending triangle with a horizontal top at 48,000 USD. Once price breaks and closes above the 48,000 USD mark, price should continue in the direction of the trend with a target equal to the widest part of the triangle. This puts the target around 54,000 USD.

roryh86 Updated 

Very nice weekly bullish candlestick reconfirmed the previous buy signal on the daily chart (engulfing bar of 29 June). Confluence with bottom of channel trend line and 1.618 fib level. Good place to enter a medium term long position.

roryh86 Updated 

Daily has formed engulfing bar at critical bottom trend line, with RSI supporting a long (very oversold). Good opportunity to enter a long.

roryh86

Double bottom formed at 6K level, showing strong buying pressure on the 4H chart. Large green candles indicate bulls overcoming bears and upward trend in progress. Once BTC breaks 6.6-6.8K previous support level, next critical retest will be 8K resistance.