BITSTAMP:BTCUSD
After the massive selling pressure yesterday, Bitcoin bounced at the 52900 level. Today, we saw a huge correction to the upside.
As we can see, the last two daily candles form an engulfing pattern .
We also saw a higher wick of the daily candle than the yesterdays candle opening.
If the daily candle remains or closes above the yesterdays...
BNC:BLX
In the last Bullmarket in 2017 we tested the 21 week several times. We didn´t see any retest of this support level since september last year.
I think it is now more likely to retest this support level than breaking through to the upside. This would be approximately a 30% pullback from the ATH.
BITSTAMP:BTCUSD
After reaching a new ATH last week we saw a 20 % correction until sunday. On the 4h chart we could probably see an ascending channel. After a retracement to the bottom of the channel we could see a breaktrough to 68000 $ as a new ATH by the end of this week.
