A third bounce off the upper trendline of this Ascending Broadening Wedge would be a bullish confirmation. We have not yet touched the upper trendline since the 15th of January so trading this from here would be quite risky.
Unfortunately, Bitcoin was seemingly rejected just south of the Ichimoku Cloud on the 18h timeframe.
Until we see more bullish...
There's 3 reason.
1) There is weakness in selling
2) Bitcoin dominance on the increase
3) The lower bitcoin falls, the more interest there is to buy.
If we're break 58k so the next Target is 68k but after test 58k again.
Buy when people afraid and sell when there's in trust.
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Yes guys BTC and the whole crypto market is moving upwards smoothly right now
Lots of coins closed above key levels on the daily, XLM, Link, Eth and BTC for example causing buyers to enter
BTC has hit the 3.618 fib retracement which was summoned from a recent breakout trade. Not much else to use to create levels of SR at these price discovery levels
If BTC can...