BTC Bulls getting back the control

10 feb 2018

In the previous chart, I was having a more bearish outlook on BTC as we broke the weekly 30 MA and tested the support of the parabolic trend. Now, we have a more positive outlook on the short term side, with BTC forming an inverse H&S and a possible break out from the 0.786 fib levels and breakout from the cloud. We could see BTC testing the resistance at 11.1k.

14 feb 2018

Nota

BTC completed the inverse head and shoulders pattern and now broke out of the resistance. BTC is getting more bullish by the day.