The chart has been created classic bullish patterns. One of the most important patterns, as we see, is a Symmetrical Triangle which you could watch it on the chart shows the price might go up again.
On the other hand, reversal head and shoulder could promote the price situation, as it has been Illustrated on the chart.
How ever, BTC.D chart should be reviewed to be sure about the trading position on the price condition, in addition, BTC price could accept or reject all the patterns here, as the result the bitcoin chart must be checked.
Moreover, there is prediction here about Cup & handle. The price might grow up above 0.012 incase our cup and handle be completed.
Additionally, RSI indicator on daily time frame indicates the up trend also promotes our analysis
To Sum up, as the chart illustration, there are 3 TPs, first TP is reversal head and shoulder, the second one is TP of our symmetrical tringle and the third one is belong to our prediction that means our cup and handle
Note :
There is no financial advise here, do your own research on the price and the last word is all of these patterns could be rejected by BTC price or BTC.D charts.
On the other hand, reversal head and shoulder could promote the price situation, as it has been Illustrated on the chart.
How ever, BTC.D chart should be reviewed to be sure about the trading position on the price condition, in addition, BTC price could accept or reject all the patterns here, as the result the bitcoin chart must be checked.
Moreover, there is prediction here about Cup & handle. The price might grow up above 0.012 incase our cup and handle be completed.
Additionally, RSI indicator on daily time frame indicates the up trend also promotes our analysis
To Sum up, as the chart illustration, there are 3 TPs, first TP is reversal head and shoulder, the second one is TP of our symmetrical tringle and the third one is belong to our prediction that means our cup and handle
Note :
There is no financial advise here, do your own research on the price and the last word is all of these patterns could be rejected by BTC price or BTC.D charts.