BTC update. Seems like it's breaking out.

in #cryptocurrency6 years ago

"Falling Wedge" resistance seems to be broken, but we still need a confirmation on 4h chart or even on daily. One nice green candle away from that line would be strong signal. After that next target is around $8.600 - $9.000 to another strong resistance, which is bigger triangle resistance.

BTC2.jpg

On bigger scale we're here.

BTC3.jpg

In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).

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