Target: The black line with fibonacchi extension. Around that area. Between middle of 1 and upwards to 1.618
Reason: A bullish triangle seems to have formed. Watch carefully because there is still a small chance that it will go down if it breaks the lower part. MACD will probably reverse itself within 2 days (Estimating). One last ride... Maybe, probably... Pretty overbought. From previous height to previous height, forms a horizontal line. This is where heavy resistance is (Almost the black line on top).
Time: Short term within 2 days. Keep an eye on the support from buyers.
Reason: A bullish triangle seems to have formed. Watch carefully because there is still a small chance that it will go down if it breaks the lower part. MACD will probably reverse itself within 2 days (Estimating). One last ride... Maybe, probably... Pretty overbought. From previous height to previous height, forms a horizontal line. This is where heavy resistance is (Almost the black line on top).
Time: Short term within 2 days. Keep an eye on the support from buyers.
Comentarios:
Unfortunately, I believe bitcoin will crash again tomorrow so a little bit up bump upwards will happen.