BITCOIN: As expected…

… BITCOIN is now testing the Upper Resistance line within the Bullish Flag.

And, as I wrote in this post a couple of days ago, there are two options, both of them positive:

OPTION 1:

Correction is done and we are in wave three of the continuation of the Uptrend.


OPTION 2:

Still one retest of the lower ground of the Bullish Flag would be expected on (e) around 8250 USD in order to end the II wave in violet, then, strong rebound upwards.


24 Hours Volume seems to support the breakage of the upper resistance and also the RSI on the Daily still show a healthy status since it is moving within the limits.

Trend is our friend so, wait to see next move and decide wisely.

Enjoy!

@toofasteddie


Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

About the author: toofasteddie
Father, Runner and Crypto Addicted

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