Bitcoin Howling for the Moon! Looking for a Breakout.
Let's run...
On the 4hr chart I am seeing a steady move up to test the resistance of the larger bullish pennant. After realigning a bit, I think a $49,500 target from the break of the symmetrical triangle would make sense. I will be watching to see if we can get another breakout or if we will move down to retest the support again. If we break up I will be watching the volume closely. I think a good amount will be needed to push up over the orange trend line and retest and even break the previous ATH.
On the daily chart we are moving up as expected. I think a big move could be coming soon. Owhoooo!
As Bitcoin becomes more widely adopted it will become more scarce.
I am feeling more and more confident that this bull market is about to take off.
Famous last words?
Are you bearish or bullish?
On the 4hr chart I am seeing a steady move up to test the resistance of the larger bullish pennant. After realigning a bit, I think a $49,500 target from the break of the symmetrical triangle would make sense. I will be watching to see if we can get another breakout or if we will move down to retest the support again. If we break up I will be watching the volume closely. I think a good amount will be needed to push up over the orange trend line and retest and even break the previous ATH.
On the daily chart we are moving up as expected. I think a big move could be coming soon. Owhoooo!
As Bitcoin becomes more widely adopted it will become more scarce.
I am feeling more and more confident that this bull market is about to take off.
Famous last words?
Are you bearish or bullish?
