Good morning,
As seeing lots of 'news' coming by about the possibilities of bitcoin, I thought, let's drop mine. If we change from bars to line where we have in indication of the spot prices and we look deeply into the graph, we see a bull-flag forming. The old resistance line became the new support line. If it can hold above this line with the help of the daily Ichimoku cloud, we could follow the yellow arrow. Stochastic-RSI will move up as well. If we break through the red support-line, we will get a new scenario following a real retracement like the one in my old post, with some adjustments to be made. So fingers crossed.
As seeing lots of 'news' coming by about the possibilities of bitcoin, I thought, let's drop mine. If we change from bars to line where we have in indication of the spot prices and we look deeply into the graph, we see a bull-flag forming. The old resistance line became the new support line. If it can hold above this line with the help of the daily Ichimoku cloud, we could follow the yellow arrow. Stochastic-RSI will move up as well. If we break through the red support-line, we will get a new scenario following a real retracement like the one in my old post, with some adjustments to be made. So fingers crossed.