Bitcoin (BTC) June 1st 2018 TA. Ascending triangle spotted? My bullish opinion stands.

in #bitcoin8 years ago

When did I get to 175 followers? Are they bots? or real people?
I am fluttered. Although my ta was scarily accurate :) THANK YOU for clicking a button to follow an amazing free daily ta! Just kidding. or Am I? :) <3

Back to the main subject.

What's going on with Bitcoin (BTC)?

(BTC) is constantly testing the $7,600 resistance zone that I mentioned days ago and we are constantly getting rejected, but! We are finding series of higher lows, creating an ascending triangle!

There is a high chance that this is an ascending triangle pattern, (BULLISH) and we are likely to break Upwards on our third or fourth attempt.
A HUGE bullish engulfing candle spotted on 12 hr chart.

My opinion still stands Bullish because there are no bearish signs.

A break above $7,600 will confirm impulse wave 3 = rally up to $7,800~$8,100 range.

It is very difficult to tell if abc correction is finished or not. Therefore, we must wait and see if our supports will hold and push through $7,600 resistance.

Check out my charts below. I'll be back with updates tomorrow.

candles.pngrsi.pngmacd.png

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