BTC/USD - going up again?
The last few days I would say there were lots of bullish movements. We went up very fast to 8800+- where we found a resistance in the form of the fibonacci reatracement( level 78,60% of the highest top)
The possible reversal or re-run will be formed at approx. 8400$ where our trend channel is located. This trendchannel has finally been confirmed in my opinion due to four bounces on it's lower support. Still difficult to say where the prerun will take place.
RSI --> curving back in between it's boiling bands from being overbought for a litte time. ( means normally that we will have a short correction downwards)
When the Bitcoin finished the re-run and the bullish power is enough at 8800$ we should be able to break the resistance and the next target should then be around 11200$
This is only my opinion and should not be a buy recommendation or advice.
The possible reversal or re-run will be formed at approx. 8400$ where our trend channel is located. This trendchannel has finally been confirmed in my opinion due to four bounces on it's lower support. Still difficult to say where the prerun will take place.
RSI --> curving back in between it's boiling bands from being overbought for a litte time. ( means normally that we will have a short correction downwards)
When the Bitcoin finished the re-run and the bullish power is enough at 8800$ we should be able to break the resistance and the next target should then be around 11200$
This is only my opinion and should not be a buy recommendation or advice.
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