BTC nearing crucial point
Feel free to comment on my TA or share your thoughts on BTCUSD at the moment.
Bitcoin broke out of the descending channel although we still need to wait for the candle to close in order to confirm this
- MACD fast creeping over the slow indicator. This also happened back in february (blue arrows)
- Long term symmetrical triangle pattern is still holding
Things I'm looking out for:
- Weekly close above the channel
- Weekly close above the sym. triangle
- Lots of volume to go with it
Bitcoin broke out of the descending channel although we still need to wait for the candle to close in order to confirm this
- MACD fast creeping over the slow indicator. This also happened back in february (blue arrows)
- Long term symmetrical triangle pattern is still holding
Things I'm looking out for:
- Weekly close above the channel
- Weekly close above the sym. triangle
- Lots of volume to go with it
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