*MY OPINION, NOT FINANCIAL ADVICE*
It looks like Bitcoin is going to keep rallying until 19/09 at the very least based on length of Stoch RSI & RSI & trend - could take a turn at any point between 19/09 & 30/09 back down to retest the lower levels. If rally continues to the 30/09 that is very interesting as it aligns perfectly with the CBOE ETF decision date.
If rally takes downturn expect to happen at around $7,100 - strong resistances on the way up at the $6,500 levels & decent resistance at $6,800 levels.
In case of downturn, expect a lowest point of $6,000, dip below $6,000 on this particular downturn could signal that we will break the descending triangle formed over the course of 2018 and find lower lows.
Based on seasonality of trend + if the price takes a longer rally this time & hits $7,100 at the 30/09 - we could be in for a break of ascending triangle upwards, which signals a bullish reversal of trend.
In that case expect a rally up until December - unless CBOE ETF is denied.
It looks like Bitcoin is going to keep rallying until 19/09 at the very least based on length of Stoch RSI & RSI & trend - could take a turn at any point between 19/09 & 30/09 back down to retest the lower levels. If rally continues to the 30/09 that is very interesting as it aligns perfectly with the CBOE ETF decision date.
If rally takes downturn expect to happen at around $7,100 - strong resistances on the way up at the $6,500 levels & decent resistance at $6,800 levels.
In case of downturn, expect a lowest point of $6,000, dip below $6,000 on this particular downturn could signal that we will break the descending triangle formed over the course of 2018 and find lower lows.
Based on seasonality of trend + if the price takes a longer rally this time & hits $7,100 at the 30/09 - we could be in for a break of ascending triangle upwards, which signals a bullish reversal of trend.
In that case expect a rally up until December - unless CBOE ETF is denied.
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