Right now BTC may be in a bullish contracting triangle or just an easy A,B,C correction. Based on Fib lines that i saw, we could hit an all time high here very soon! Do you think she can fight through all the resistances? Do you think FOMO can take her even higher? We shall see!
@barhoc11, Right now, BTC is traveling on an upward incline. We will see what happens. The hourly chart looks good. MACD lines are moving towards each other and RSI is not overbought. 4h and daily still look bearish. If we stay in this channel, we will have some fluctuations up and down, but the general direction of BTC will be moving up. Let's hope there is no more FUD spread about BTC.
ShawnAkers
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If it follows the a trend of a contracting triangle, it shouldn't fall any lower than A @ 16258. She could enter a Zig-Zag or a Flat corrective way though. It looks like she has already bounced off the bottom support and will be going back up to D. We will see!!!
annoyingserf
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Hoping to see it retract to 15400 before the leg up.