Is BITCOIN about to jump? Take a look at these trends
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In an update from my last post, I have extended the trend line from my previous post. We can see that this recent run we have had is trading along with it. We should be seeing some movement as we break out of it. If we break the fib level, and a break past 10.2; we should be seeing a nice jump. On the other hand, the recent fibs we broke, are now support. These are also the levels we should see bitcoin target if it were to fall through.
As you can see, bitcoin just had a dump, which took out a bunch of stop losses. It was able to recover partially and stay above the trend line. Our hope is that it trades sideways up this trend line, with an eventual breakout at the fib level, targetting the next fib level.
If you like what you see, make sure to like this post and follow me, so you can see if this prediction ends up being correct.
As you can see, bitcoin just had a dump, which took out a bunch of stop losses. It was able to recover partially and stay above the trend line. Our hope is that it trades sideways up this trend line, with an eventual breakout at the fib level, targetting the next fib level.
If you like what you see, make sure to like this post and follow me, so you can see if this prediction ends up being correct.
Note
We are also oversold on the RSI which is a great indicator that we have some room to go up! Just waiting for crossover confirmation.
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