Technical Analysis 01-03-2018 | A Happy Future for Bitcoin

in #bitcoin8 years ago

Following the formation of a second descending pennant, we were able to find an upward break:
BTCUSD 01-03-2018.PNG

What can we do now?

If we look more closely, we notice that we've bounced several times on our fibonacci line. Now support this allows us to search for new results upwards. But beware, we are once again approaching our long downward resistance.
BTCUSD 01-03-2018(2).PNG
We can therefore expect a rebound once again to come back to test our support or a break that will throw us quickly towards our next resistance in violet.

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