BTCUSD the chart and indicators are very optimistic

Oscillators: Momentum (10), MACD Level (12, 27) and almost all moving averages are in strong buy state. On the chart we can see that the price broke upward the Triangle and formed a Bull's flag. Currently the price is at the Fib 0.618 resistance level, taking into account all mentioned factors we expect that the resistance will be broken after a small consolidation which will be finished when Stoch RSI becomes oversold. When it happens the price will head to the very important resistance level of Fib 0.5 where we expect a long consolidation. The next BTC move will be a break through this resistance level and skyrocketing to the previous heights. Till this moment all trades are very risky as sharp BTC price rise will dump alts market. We are in long BTC position and recommend you all to hold your BTC.

Kommentera:

The price accurately followed our analysis and consolidated above the triangle