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BTC: Higher from here ..... ??
Although BTC is still trending in the downward
channel we do see some signs of bullishnes by
the forming of a bullish flag on the 4hr chart.
Further bullish signs are the upwards momentum
the last few candles (4hr) as well as leg 3 (blue)
that needs to start developing now.
Going higher will not be plane sailing as BTC will
face a lot of resistance on her way up.
Currently the EMA 50 (orange) is right above her
and some more resistance at 0.618 Fib and $8000.
However, i do think we may have turned the tide
and will go higher from here.
No financial advise
educational purposes only
channel we do see some signs of bullishnes by
the forming of a bullish flag on the 4hr chart.
Further bullish signs are the upwards momentum
the last few candles (4hr) as well as leg 3 (blue)
that needs to start developing now.
Going higher will not be plane sailing as BTC will
face a lot of resistance on her way up.
Currently the EMA 50 (orange) is right above her
and some more resistance at 0.618 Fib and $8000.
However, i do think we may have turned the tide
and will go higher from here.
No financial advise
educational purposes only
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