Bitcoin with the recent push breaksout of the daily tf rsi, next targets are $24.8k, $29k & $32k.
Two confirmations:
- RSI breakout confirmed.
- Prices shifting internally bullish.
Bull side:
- We retest the OB on 4hr till $19.5k and bulls takeover with the retracement & we move towards out targets.
Bear side:
We get a shakeout till $16.5k to takeout all the longs and retest the RSI on daily timeframe, confirm local bottom & move up.
Two confirmations:
- RSI breakout confirmed.
- Prices shifting internally bullish.
Bull side:
- We retest the OB on 4hr till $19.5k and bulls takeover with the retracement & we move towards out targets.
Bear side:
We get a shakeout till $16.5k to takeout all the longs and retest the RSI on daily timeframe, confirm local bottom & move up.