Bitcoin was in a long forming wedge pattern and has now broken out of it.
I have two key targets:
- The 0.618 Fib at 71.30
- The measured move (conservative measurement) at roughly 72.4.
At the moment BTC is likely to cool off before its next leg up, so BTC.D will explode with it. I wouldn't be surprised to see around 73.5 be reached.
The Monthly is going strong in its parallel channel.
- Recent bullish cross on 10MA and 21EMA -> signalling continued bullishness.
- Bouncing off the heart-line of the channel.
I have two key targets:
- The 0.618 Fib at 71.30
- The measured move (conservative measurement) at roughly 72.4.
At the moment BTC is likely to cool off before its next leg up, so BTC.D will explode with it. I wouldn't be surprised to see around 73.5 be reached.
The Monthly is going strong in its parallel channel.
- Recent bullish cross on 10MA and 21EMA -> signalling continued bullishness.
- Bouncing off the heart-line of the channel.
