Possible short term bullish action for BTC/USD $BTC #BTC
This is what I'd really like to see from BTC over the coming days.
- A short lived correction to support and 618 fib retracement of recent pump. - Bounce off support/618 to next resistance of 6800 - 6800 resistance is the 618 fib retracement from previous HIGH. - Id like to see BTC close on the daily above that 618 preferably $6900+ forming a higher HIGH
If we can follow that path I would certainly become very bullish on BTC to break and hold above $7500.
I also see some short term bearish signs which I will present in an alternate chart.