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17 Jun 2021
BITCOIN BULLISH PATTERN STILL STRONG - 06/17/2021
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Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks!
The reason this is still bullish:
We had a golden cross plotted
We are still in the rising wedge
We bounced off the wedge and closed above
39K
indicating a reversal
We have a mild support around $38,600 were we consolidated around couple hours
Currently we are still above
39K
a push pass $39.5 would be extremely bullish
Where things can go bearish:
If we dip below the rising wedge
Falling below $38,000 can lead to test the next support at $37,500 area
The RSI is getting close to the Overbought range
youroptionsguy
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