Bitcoin (BTC) Price Update: Small Hammer Candle!?

in bitcoin •  7 years ago 

Hi guys!

Here are my thoughts on bitcoin for today.

BTC - Daily Chart

Tools used: Ichimoku Cloud, Stoch RSI, Trend-Based Fib Extension and Trendlines
5a9cbb3907148.png
Note there is a small hammer candle close to the upper resistance. If bitcoin stays overbought for a couple of days we might see a breakout from this ascending triangle this week.

Although the volume is not showing a breakout confirmation yet. But we'll see how this plays out in the next few days.

Disclaimer

You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!

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7 years ago by

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      ·  7 years ago 

    You got a 4.00% upvote from @passive courtesy of @devytan!

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