BTCUSD long, chart patterns

29 Nis 2018

The .50 Fibonacci level is right on the .920 support level. The pair is trading in a bullish parallel channel right now, if it stays in the channel it will range until it hits the .50 fib/.920 support level, then I expect to continue the trend inside the bullish parallel channel. At least to .618 or .768 Fibonacci levels. 50 and 200 EMAs have already crossed on the 4H, the MACD and RSI are indicating overbought, so I expect the general trend to be bullish, just looking for a slight pullback to enter on the trend.