BTC sharp increase incoming

21 de jun. de 2017

As bitcoin has finished its correct from it's all time high it subsequently has formed into a contracting ascending triangle indicating a sharp increase once wave E has been reached which the analysis shows this having just happened. WIth momentum and RSI rising in tandem with the price increases supporting the analysis and long investment strategy.

21 de jun. de 2017

Nota

The golden cross between the C and D wave further supports the sharp increase uptrend. Another supporting indicator are the double gann fans where during the D and E wave (in addition to the wave that is following) have been moving out of the short time frame gann fan while reachin back into the stronghold of the 1/1 line of the longer term gann fann, thus also supporting an incoming sharp increase in BTC's price movement.