Bitcoin
Long
Updated

BTCUSD - Possible C&H through main resistance

158
We may have an opportunity to test and even breakout through the main resistance line in the next couple of days. If this C&H completes, a massive breakout should occur around 7625 and cool off around 8200. We've also recently had the 25-day MA bullishly cross the 50, 100 and 200-day MA's. On top of that, the following has also occurred in the past few days if you're an Ichimoku fan:

Bullish TK cross
Kumo breakout
Tenkan broke up through the Kumo
Bullish Kumo twist

MACD is fairly flat but slightly bullish

We also recently had a little hidden bullish divergence that's shown.
Note
In standard BTC fashion, a million indicators and signals go bullish and it then it crashes $400 in an hour.. #marketmanipulation

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.