BTC/USD Technical AnalysissteemCreated with Sketch.

in bitcoin •  7 years ago 

Hello all! I am writing this post in order to express my findings in terms of technical analysis on Bitcoin vs USD. Based on the chart as well as a few other technical indicators I believe BTC will break out a bit more to upside due to the bullish pennant pattern forming.

btcusdshorttermbreakout.png

I do believe this breakout will only be short-term, until Bitcoin futures are open for trade, BTC will remain overall bullish. However, once BTC futures are open for trade, Bitcoin will experience a serious serious serious correction! Pick up some promising altcoins such as: XEM, UBQ, XMR etc on the dip!

Thanks so much guys.

Anthony.

bitcoin btc cryptocurrency technical analysis
7 years ago by

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      ·  7 years ago 

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