LEVIATHAN CAPTAL PARTNERS
31 march 2019
- BTC is inside a uptrend channel.
- BTC is about to break the inverse head and shoulders resistance.
- BTC is bouncing from the fibonacci supports.
- BTC closed 7 green weeks, technicals indicators shows some strength.
TECHNICAL ANALYSIS :
The inverse HAS have an important role in this uptrend and will probably push BTC out of the bear-market once confirmed. The resistance is around $4200 and once broken BTC should spike up to $4800/5000, this target match with the fibo projection (1.618). On the short term the fibo resistances worked well and we can expect to hit the $3980 zone before breaing all the resistances. On the technical indicator side : the MACD is bullish on the daily graph, The RSI is strong, the ichimoku cloud is bullish, volumes are ok but we’ll see more very soon, BTC tried to break the BB resistances but haven’t really yet. we’ll see this movement as soon as the IHAS is confirmed.
support : 3980, 3860, 3650.
resistances : 4200, 4500, 4800, 5100.
alt market is strong, coins of the month : ZRX GRIN DGB STRAT ETC GNT NANO SNT LISK
this analysis has been made by Mena’hem SULTAN from leviathan capital partners for the paid channel “BITCOIN ביטחון מלשון”