Been following this chart for a few days now. Still valid and hopefully a bounce around 7.2k. That would be in the falling wedge and around the uptrend line since July last year.
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I got this feeling 6.8/7k is the bottom or we might have hit the bottom at the 0.786 Fibonacci lvl already, but don't hang me on it. 6.8/7k is around the uptrend line, and we are still in that falling wedge. That said, it does depend on the outcome of next tuesday G20 meeting.
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Little update on the chart with the FIB lvls. Divergence is bullish too.
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If we break out of the wedge, my target would be around 10k. If we break down I hope 6k will hold for everyone's sake. :-P
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And we took off! :-)
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Bullflag on the hourly. RSI makes a lower low vs a higher low on the chart. I opened my longs already with a tight stop loss. To trade save you could open your long above the bullflag.
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Bitmex already touched the upper line, but didn't break it. Waiting for it!
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Sorry, wrong chart. Here's the BitMEX one.
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And we go a breakout! Let's break 8.8k next and see where this leads us
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I closed my longs around 9k, and am waiting for a opportunity to open new ones. Expecting a retrace here. Some solid support should be found around 8.5k based on earlier support and ichimoku cloud. Further on 8.2k is the bottom of the cloud and the 0.618 FIB lvl.
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Possible Channel BTC currently is in. That said, it is at the top of the channel. I opened a small short with a tight stop loss.
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Closed my short and Placing my buy orders around the bottom of the channel (about 8.7k)
