We Could Get A Breakout For Bitcoin Today Or Tomorrow (Video)
Bitcoin is looking really interesting at the moment. We have formed another bull flag during the weekend and we are very close to a breakout. Lets have a look at the daily chart:
Comment: As you can see from the chart, I have drawn a short term trendline and we are really close to breakout out to the upside.
If that were to happen, we should go above 8960 and we are right now at 8905.
Now, lets finish this up here with a look at the weekly chart:
Comment: During last week, we formed an interesting candlestick, sort of a hammer and this usually indicates that we are about to go to the upside at this stage.
We do have some resistance around 9500 but the major resistance is up at around 11500-11700 and if we will get a weekly close above 11700 I would say that this short term bear market is over for Bitcoin, but we are not there yet so lets take one day at a time here.
Finally, watch the video for the hourly analysis as well.
Happy investing!
Thank you @freeforever for this good news. We hope to see breakout soon
Great video @freeforever
I agree, just finished my analysis as well. Looking like we get a breakout today or tomorrow early morning. Waiting for a break and close above $8,950 on the 4hour before taking another buy. Keep up the good work mate, Cheers!