Price has broke above the pattern on the 1 day chart, and we see 2 strong candles. The price is testing very strong resistance levels at the 50% and 61.8% Fib ratios of .46 and above. If we can see BITCF close above .47, this may be indicator to open long trade.
Currently the price has broken well above the lines, and looks to continue if BTC continues to do well. The two are related, as BITCF is one of the top 3 companies to fund the hemp industry using Bitcoins .
Keep a close eye on these reistance levels. If broken, we should see an upward trend to 80%-100% previous highs. Use indicators as confirmations.
*Keep in mind, this was updated on 1 day charts, which takes time to come to fruition. I will open a trade if price goes above .47 with a strong close, and set a stop below the next Fibonacci level downward at .35. I have already invested buying in at .35 for long term in this, so I like to keep an eye on it.
I have made 33% for this one trade, as I opened it earlier, so I have cashed out 40%.