Just making an observation, the way I have my S. RSI set up it is telling me ( on a 1 day chart ) BTC is on the move up significantly. I expect some price action drops along the way but hopefully nothing too big. Also Volume is starting to grow but we all know things can change very fast.
In a dangerous spot but still bullish on the 4hr. Next resistance at 11,200 if we make it there.
BTC is coming into strong bull territory . Could this be the run we have been wishing for?
Just drawing lines and comparing fib charts from previous retracements.
Lets see how this plays out. BTC is still in a upward channel and 55 day MA is still going up so far. GO Bitcoin Go!
Past fib chart shows last run to 20K from a previous retracement. New Fib chart is an idea of what could happen if bulls keep charging?
Past Fib chart shows last run to 20K from a previous dip. Current Fib chart is set up to show a estimate of next bull run to 30k+ . I am not a professional and chart is only an idea.
markers look very very close to the last time it was in this position before its run to 20K. Fib chart is set up to show our next key points.
This is starting to look very similar to last years chart. I could be wrong, but I think the worst is over. www.tradingview.com