Looking at Bitcoin on the daily chart, it seems like there is a potential for a reversal by indication of the fractal pattern marked. A close above the dotted purple line would be confirmation of this reversal. Adding to this potential is the Williams R indicator which suggest that the momentum is attempting to break above its 13 EMA. IF this happens and the price-action continues to move up through its respective 13 EMA and 50 EMA, we would have the potential for a very strong push upwards. This is just an idea, and a lot of it hinges on today's close. We will soon see. Thank you for reading, I hope this has added to your perspective.
Best regards,
T. Savant
Best regards,
T. Savant
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Update! Click image below
