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Bitcoin (BTCUSD) - Long
Still very bullish on Bitcoins. Nice to see targets in previous analysis was hit easily. Below an updated multitimeframe analysis.
Target: 6399
Invalidation point (support): 5013
Montly - Up: Simple moving average (9 periods) on RSI is still above 65. Which is very bullish
Weekly - Up: Little bit of resistance expected,when Bitcoin tries to break through RSI Trendline. Once broken out, new ground to be explored.
Daily - Up: No topping yet, clearly bullish. Support levvels on 4921 and 4446
4 Hours - Up: Small correction, bull still very bullish. New positive reverals. Next target is 6399. Strong support on 5013
Target: 6399
Invalidation point (support): 5013
Montly - Up: Simple moving average (9 periods) on RSI is still above 65. Which is very bullish
Weekly - Up: Little bit of resistance expected,when Bitcoin tries to break through RSI Trendline. Once broken out, new ground to be explored.
Daily - Up: No topping yet, clearly bullish. Support levvels on 4921 and 4446
4 Hours - Up: Small correction, bull still very bullish. New positive reverals. Next target is 6399. Strong support on 5013
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