BTC: Bullish Breakout On The Brink of Daily Golden Cross
Bitcoin has set a clean series of higher lows creating a clear uptrend on the daily chart. If BTC is able to break out of the ascending triangle, I would watch for a 14% to 16% move to the next large resistance area around $59,000.
A Golden Cross is to follow and this could be a major indicator for short-term to medium-term strength.
RSI showing an attempt at a trend change as it looks to break above upper resistance. Look for RSI breakout above resistance as an indicator for strength. Strong continued volume will be a great second indicator to look to next.
If Bitcoin confirms breakout on strong volume, I would watch for the rest of the market to follow.
Monitor capital flows around the market ( BTC-->ETH-->ADA/LTC/XTZ) and ride the bull.
A Golden Cross is to follow and this could be a major indicator for short-term to medium-term strength.
RSI showing an attempt at a trend change as it looks to break above upper resistance. Look for RSI breakout above resistance as an indicator for strength. Strong continued volume will be a great second indicator to look to next.
If Bitcoin confirms breakout on strong volume, I would watch for the rest of the market to follow.
Monitor capital flows around the market ( BTC-->ETH-->ADA/LTC/XTZ) and ride the bull.
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