Bit Coin in BULL Flag . GOOD
BTC needs to break out BULL Flags Resistance at $5485 with good volume to pass true next Fibonacci level at $5594.
If we will break out from bull flag $5485 level we can potentially fly up to next strong resistance at Fibonacci level $5800 and meet some resistance on the way at $5594.
If BULL flag resistance will hold and support will be broken than we are falling down to previous resistance that now became a support $4300
INDICATORS:
1. 50 MA Crossed UP 150 MA. Last Time That Happen was when BTC went up to $19000 back in 2017 We are officially in UP Trend. - VERY GOOD
2. Stochastic still little Oversold but its going down - BAD/NEUTRAL
3. RSI Oversold - BAD
4. Volume going down not UP - BAD
5. Bolinger Bands in the middle - NEUTRAL
6. 20 EMA above 40 EMA that means we are in up trend for next couple days/weeks. - GOOD
I think to enter LONG Position at $5490 with good volume .
My potential target @ $5800
