Looking at BTC, I see a couple of bullish signs on the daily timeframe.
1. We've recently broken out of a downwards channel that lasted a few weeks.
2. It looks like we're about to break through the ichimoku cloud on the daily.
3. BTC has formed an inverted Head and Shoulders pattern.
If the inverted H&S is confirmed after a solid breakout, I will be looking at a technical target of about 58k.
1. We've recently broken out of a downwards channel that lasted a few weeks.
2. It looks like we're about to break through the ichimoku cloud on the daily.
3. BTC has formed an inverted Head and Shoulders pattern.
If the inverted H&S is confirmed after a solid breakout, I will be looking at a technical target of about 58k.
I'll be looking at 39k for support and expect a bounce from there