Hi everyone,
Here are some thoughts on BTC after it's recent activity.
Note 1
Ascending triangle is a nice bullish pattern which can sometimes signal the reversal of a downtrend. It is also hitting the .618 fibonnacci level of a 1-month and a 1-year measurement. If it can get over the 8172 mark and sustain that level, the upward trend will continue.
Note 2
The downward trendline from the beginning of Jan was finally broken and sustained. This is another good reversal sign.
Thanks for reading. Please like and follow if you find value.
*** The ideas posted here are not a recommendation to buy or sell cryptocurrency. ***
*** The posts are for educational purposes only. ***
Here are some thoughts on BTC after it's recent activity.
Note 1
Ascending triangle is a nice bullish pattern which can sometimes signal the reversal of a downtrend. It is also hitting the .618 fibonnacci level of a 1-month and a 1-year measurement. If it can get over the 8172 mark and sustain that level, the upward trend will continue.
Note 2
The downward trendline from the beginning of Jan was finally broken and sustained. This is another good reversal sign.
Thanks for reading. Please like and follow if you find value.
*** The ideas posted here are not a recommendation to buy or sell cryptocurrency. ***
*** The posts are for educational purposes only. ***