Upside Price Target: $39K
Downside Price Target: $30.4K
MACD has a Bullish Divergence.
RSI is at about 50% and has room to move towards the 80% or 20%.
Bitcoin is now finding support on the previous resistance trend line of the falling wedge.
Upside Price Target Coincides with the falling trend line of a horizontal triangle.
If the market so chooses to continue dumping, the blue bar is the level to expect.
If Bitcoin stays above the 21 EMA, it may continue pushing higher.
To create a higher high, Bitcoin must pass $37,950 and stay above as this will change the local market structure to bullish for the short term.
This week is starting off to a great start!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Downside Price Target: $30.4K
MACD has a Bullish Divergence.
RSI is at about 50% and has room to move towards the 80% or 20%.
Bitcoin is now finding support on the previous resistance trend line of the falling wedge.
Upside Price Target Coincides with the falling trend line of a horizontal triangle.
If the market so chooses to continue dumping, the blue bar is the level to expect.
If Bitcoin stays above the 21 EMA, it may continue pushing higher.
To create a higher high, Bitcoin must pass $37,950 and stay above as this will change the local market structure to bullish for the short term.
This week is starting off to a great start!
More power to all your trades, my friends!
Ron
Intrepid_Trader
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