Bitcoin futures have found support near the 23.6%FIB level a few times already and could be set to move back up to the top of channel, which coincides with the 50%FIB giving us a nice target to aim for. Any break higher from there could send us to $7000 fairly quickly.
MACD and RSI are both looking bullish and have room to run above before needing to cool off! On this trade, stop would be placed below the FIB support level.
Thanks guys!
MACD and RSI are both looking bullish and have room to run above before needing to cool off! On this trade, stop would be placed below the FIB support level.
Thanks guys!