Hi guys!
Here are my thoughts on bitcoin for today.
BTC - Daily Chart
Tools used: Ichimoku Cloud, Stoch RSI, Trend-Based Fib Extension and Trendlines
Note there is a small hammer candle close to the upper resistance. If bitcoin stays overbought for a couple of days we might see a breakout from this ascending triangle this week.
Although the volume is not showing a breakout confirmation yet. But we'll see how this plays out in the next few days.
Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!
You got a 4.00% upvote from @passive courtesy of @devytan!