DragosAlexandru

BTCUSD- crucial time

BITFINEX:BTCUSD   Bitcoin
Hello friends. Crucial hours, maybe days for bitcoin. If we exclude the false breakout, technically, we are still in a falling wedge which is a bullish pattern. Now, getting closer and closer to the apex, we have a support zone which is 0.786 Fibonacci retracement from the previous move. Evereybody is watching 6900 zone of price (which is my lightblue trend line from daily chart). On a daily timeframe we are close to the 30 zone of oversold RSI but not touched yet. Interesting zone here; let's see how the market reacts. Watch out for false breakouts. We need higher highs and higher lows for a bullish trend.
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