$BTC is attempting its 5th breakout of the $52,500 resistanc

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TheJaFung

Bullish

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$BTC is attempting its 5th breakout of the $52,500 resistance! The more times it hits the resistance, the more likely it is to breakout. This time, it's also backed by an upwards RSI, lower Stoch RSI levels (a lot more fuel in the tank), and a break/retest of the descending triangle pattern. There are some liquidity and sell-orders at $54/56K, but no resistance on higher timeframes until $60K. $ETH and alts are running hard as well with BTC.D in a downwards trend, and $ETH has a much better looking chart than BTC. If you're already positioned in alts, I'd look for key TP levels at the 1.272/1.414/1.618. Don't FOMO into the market now! #BTC #ETH #altcoins #Write2Earn #TrendingTopic

$BTC is attempting its 5th breakout of the $52,500 resistance! The more times it hits the resistance, the more likely it is to breakout. This time, it's also backed by an upwards RSI, lower Stoch RSI levels (a lot more fuel in the tank), and a break/retest of the descending triangle pattern. 
There are some liquidity and sell-orders at $54/56K, but no resistance on higher timeframes until $60K. $ETH and alts are running hard as well with BTC.D in a downwards trend, and $ETH has a much better looking chart than BTC. If you're already positioned in alts, I'd look for key TP levels at the 1.272/1.414/1.618. Don't FOMO into the market now!
#BTC #ETH #altcoins #Write2Earn #TrendingTopic 