Bitcoin - establishing an uptrend or making space for altcoins ?
Hi all,
So, as discussed yesterday the bull flag on the 1h chart resulted in a breakout and run towards the lower end of the $9,600-$9,500 resistance zone. The price did not reach that point but was rejected near $9,480 and moved down to $9,350 today.
Additionally, we found support above the 200-day EMA on the 4-h chart, which is a good sign that can now serve as a launchpad for the next leg towards the already-mentioned resistance zone.
We are still lacking volumes, but bitcoin is slowly starting to pick up the pace
My yesterday idea:
BAT targets:
WAVES targets:
Altcoins:
Cheers,
So, as discussed yesterday the bull flag on the 1h chart resulted in a breakout and run towards the lower end of the $9,600-$9,500 resistance zone. The price did not reach that point but was rejected near $9,480 and moved down to $9,350 today.
Additionally, we found support above the 200-day EMA on the 4-h chart, which is a good sign that can now serve as a launchpad for the next leg towards the already-mentioned resistance zone.
We are still lacking volumes, but bitcoin is slowly starting to pick up the pace
My yesterday idea:
Cheers,
