Bullish!
If this support trend line holds Bitcoin may range inside a horizontal triangle and eventually push towards a potential ascending triangle at the red bar $61K.
Break of the support trend line will result to a dip towards the 50% FIb Level at $54,299 and further down towards the Golden Fib Ration at 61.8% Fib Level and $50,830 - $49,899 (Golden Pocket).
MACD: Bullish Divergence
Day Stoch RSI: Oversold Conditions
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
If this support trend line holds Bitcoin may range inside a horizontal triangle and eventually push towards a potential ascending triangle at the red bar $61K.
Break of the support trend line will result to a dip towards the 50% FIb Level at $54,299 and further down towards the Golden Fib Ration at 61.8% Fib Level and $50,830 - $49,899 (Golden Pocket).
MACD: Bullish Divergence
Day Stoch RSI: Oversold Conditions
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader