Bitcoin is in a falling wedge , creating an enormous bull flag .
Both MACD & RSI having Bullish Divergences
If Bitcoin breaks out of this falling wedge towards the upside then the potential target for this bull flag is $54.4K
If Bitcoin breaks to the downside, the 200 Day EMA could be the target at a range of $20K - $19K
More power to all your trades, my friends.
Ron
Intrepid_Trader
Both MACD & RSI having Bullish Divergences
If Bitcoin breaks out of this falling wedge towards the upside then the potential target for this bull flag is $54.4K
If Bitcoin breaks to the downside, the 200 Day EMA could be the target at a range of $20K - $19K
More power to all your trades, my friends.
Ron
Intrepid_Trader
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Bitcoin In An Up Channel And Printed A Higher High & A Higher Low On A Local 1 Hour Chart
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Up Channel discontinued. Bitcoin could now re-test the support trend line of the falling wedge on this bull flag.
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Bull Flag is still in play. Breach of the support line could bring Bitcoin down to the 200EMA.
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If the MACD and RSI Bullish Divergences hold up, there will be a massive move for Bitcoin to the upside. Very good long opportunity. Else, will have to wait for lower prices at the 200 Day EMA
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Double Bottom. Bullish!
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4Hour Chart: Bullish Divergences on MACD and RSI
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Strong 50 Day EMA Support
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TARGET REACHED!!! WOOHOOO!!!