Looking at the 4hr chart Bitcoin seems to be completing a Cup and Handle formation and is looking for a break above the neckline of the cup.
If we make it past $38,769 I'll be looking to go long on Bitcoin.
I think we are still on a run up after completing a Bullish Gartley harmonic as well. The final target for that move is around $42,700.
On the daily chart we can see what the targets are if these bullish pennants/flags play out.
My whiskers are still telling me that Bitcoin is in a bullish trend and that February could be a continuation of that trend as we test
resistance and look for new ATHs.
For now I'm hiding in the bushes and watching to see if we break the neckline.
Owhooooo!
If we make it past $38,769 I'll be looking to go long on Bitcoin.
I think we are still on a run up after completing a Bullish Gartley harmonic as well. The final target for that move is around $42,700.
On the daily chart we can see what the targets are if these bullish pennants/flags play out.
My whiskers are still telling me that Bitcoin is in a bullish trend and that February could be a continuation of that trend as we test
resistance and look for new ATHs.
For now I'm hiding in the bushes and watching to see if we break the neckline.
Owhooooo!
Komen:
This has my hair standing up.
