Hello everyone!
I wanted to share the indicators that are making me very bullish on BTC. 1st indicator of course was the breakout above the downtrend line, the second indicator was the bullish pennant, the 3rd indicator is the golden cross, today we broke out of the bullish pennant, there is a bullish divergence in the RSI chart, and we are pushing up on a Major resistance AND support level that has been in place (other than the parabolic movements) since November. If we break above the black resistance line at $8,400, i think we will see a major rally.
Of course this is just my opinion and not financial advice! I have only just started TA in the last year, so if any pros out there could throw me some tips and correct me, I would sincerely appreciate it! Happy trading :)
I wanted to share the indicators that are making me very bullish on BTC. 1st indicator of course was the breakout above the downtrend line, the second indicator was the bullish pennant, the 3rd indicator is the golden cross, today we broke out of the bullish pennant, there is a bullish divergence in the RSI chart, and we are pushing up on a Major resistance AND support level that has been in place (other than the parabolic movements) since November. If we break above the black resistance line at $8,400, i think we will see a major rally.
Of course this is just my opinion and not financial advice! I have only just started TA in the last year, so if any pros out there could throw me some tips and correct me, I would sincerely appreciate it! Happy trading :)