BTC is currently showing a falling wedge pattern which is textbook bullish. Could potentially see a play back up to upper resistance levels shown on chart in the next few days.
The following are some bullish points:
- Pattern is a falling wedge
- Stoch RSI is heavily oversold and beginning to trail upwards
- RSI is still within wedge pattern and trailing sideways
- FIB retracement is at the perfect 0.382 region for a nice rebound upwards
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
The following are some bullish points:
- Pattern is a falling wedge
- Stoch RSI is heavily oversold and beginning to trail upwards
- RSI is still within wedge pattern and trailing sideways
- FIB retracement is at the perfect 0.382 region for a nice rebound upwards
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***