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We are back within the falling wedge formation! After a daily bearish move downwards, we have shot back up. Is this a reversal finally, back into a range of motion that would make me bullish, or is this another dead cat bounce? We will have to wait and see where today's daily candle closes, and more importantly where tomorrow's daily candle closes. Let's have a look at the charts!

btc-bitcoin-market-update-02-06-2018

Bitcoin back in business?!

We can see here that we have moved back into the triangle, just barely. We will have to see how the close today works out. If we remain within the triangle, I'm confident we can impulse up and test the upper limits of the triangle before retracing back slightly. That means that a short-term target of 9k is on the table, with one final retracement before a nice impulse to take us back towards the 10k range. We can see RSI has moved out of oversold, and is ticking upwards slightly. Let's keep our fingers crossed and watch closely!

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February 13, 2018

Lovin these Bitcoin breakdowns!

February 17, 2018

Je peux recommander de venir sur le site, sur qui il y a beaucoup d’articles sur cette question.
Rexuiz Shooter

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