Daily RSI is very high, pointing to a correction.
However,
BTC remains bullish and so, this chart explore possible routes. The first route (in purple) shows a continuation, which follows the current trend line. The second route (in red) shows a dip to the older trend line before continuation, and the third route (in black) shows a deeper dip to the demand zone before continuing upwards.
Potential profit areas are marked TP1, TP2 and TP3, based on Fibonacci extension levels.
However,
BTC remains bullish and so, this chart explore possible routes. The first route (in purple) shows a continuation, which follows the current trend line. The second route (in red) shows a dip to the older trend line before continuation, and the third route (in black) shows a deeper dip to the demand zone before continuing upwards.Potential profit areas are marked TP1, TP2 and TP3, based on Fibonacci extension levels.
Trade active
Looks like BTC took route 1 :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.