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

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

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!