BTC Breakout Soon

3 Des 2021

BTC/USD (Daily)
Bullish Case
- Possible Cup and Handle
- Seem to have found Support at approx. the 54K area which is previous resistance now turned support.
- 0.382 Fib Retrace as well from previous lows to highs
- Bounced on the bottom of the Bollinger Band which is also the 54K area
- Bouncing between 54K-59k, once we break $59, we should be heading towards 69k
- MACD/Signal and Histogram reversing
- Hidden Bullish Divergence between 30th Sep to 27th Nov shown on RSI & Histograms (Red Line)

Bearish Case
- VPVR shows a lot of resistance at $56-57k
- VPVR shows a lot of support at 47k
- Possible retrace to 0.618 Fib

Possible Target Zone
- Cup length from the bottom of Handle, shows 87K area which is also approx. the 0.786 extension

Thoughts?

5 Des 2021

Catatan

Bearish Case played out, will need to re-evaluate

5 Des 2021

Trade aktif

6 Des 2021

Catatan

Let's see if break up from this Ascending Triangle... Or is this a Bear Flag...