BTC Still Looking Good
Here is a look at the 30 min BTC chart. It's still looking pretty strong for further gains over the week.
Here is a little something from the RSI and triangle relation.
Looking here we can see the BTC first taps the bottom and the RSI and price move up to the second tap at the top of the triangle. Immediately the RSI heads down along with the price. ETC...
A decent rising wedge is shown in the darker blue color.
Two bullish scenerios: completes this final small equilateral triangle (blue) @≈$15200 and begins to rise in price; completes this three drive pattern (purple) @≈ $14700 and continues to rise.
I am leaning towards it completing the equilateral triangle and moving up toward $16100
Anything below 15200 look to the three drives pattern.
Anything below $14650 look for some lower prices. $14100 is a pretty strong support and so is $13690
I'm still long at this point.
Have fun trading!
This is not financial advice
Here is a little something from the RSI and triangle relation.
Looking here we can see the BTC first taps the bottom and the RSI and price move up to the second tap at the top of the triangle. Immediately the RSI heads down along with the price. ETC...
A decent rising wedge is shown in the darker blue color.
Two bullish scenerios: completes this final small equilateral triangle (blue) @≈$15200 and begins to rise in price; completes this three drive pattern (purple) @≈ $14700 and continues to rise.
I am leaning towards it completing the equilateral triangle and moving up toward $16100
Anything below 15200 look to the three drives pattern.
Anything below $14650 look for some lower prices. $14100 is a pretty strong support and so is $13690
I'm still long at this point.
Have fun trading!
This is not financial advice
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