I think the so called bear trend is over and BTC is going to test further resistances based on the trend based Fibo!
Why do I think BTC is forming a bullish breakout and my targets in forth coming days!
1. Descending channel got broken. (Yellow line)
2. At the same time, BTC closed above the 0.236 (short term Resistance) easily. which is 47900 USDT.
3. According to the trend BTC may be heading towards 0.382 the near term Resistance which is 52200 USDT. (TP 1)
4. My second profit taking target will be the Golden ratio of Fibo 0.5 (55700 USDT).
5. If strongly close above 0.5 it may easily test 0.786 and spike upto 1.
Cheers!
Why do I think BTC is forming a bullish breakout and my targets in forth coming days!
1. Descending channel got broken. (Yellow line)
2. At the same time, BTC closed above the 0.236 (short term Resistance) easily. which is 47900 USDT.
3. According to the trend BTC may be heading towards 0.382 the near term Resistance which is 52200 USDT. (TP 1)
4. My second profit taking target will be the Golden ratio of Fibo 0.5 (55700 USDT).
5. If strongly close above 0.5 it may easily test 0.786 and spike upto 1.
Cheers!