BITCOIN (BTC) - POSITIVE INFO - POSITIVE PATTERN - DOUBLE BOTTOM
Updated
Hi our dear FAMILY!
Thanks again from the bottom ouf our hearts for your likes, comments and engagement. Y O U A R E A W E S O M E.
Difficult time hah?
Don't worry that much. Every storm will pass, every hail will pass. We are the part of the nature which swings on the sine wave. Can it be worse? Of course. We could have BTC on 700$ level but we are not there. Ufff. We are not very likely to go there. Too much interest all over the world.
We even think that the whole confusion, fuss, price drop-down made the BTC even more famous. More interest = greater usablity = higher price
News about BTC are now in main-stream media. On the whole globe. GOOD.
So many people want to be rich - they buy low right now aiming to sell high in the future.
So before technical analysis short summary :
1. As previously mentioned - lower price is better price - upward movement expected
2. BTC bubble was burst - we are consolidating on healthier levels - the worst storm has passed
3. Many positivie info from regulatory bodies in G20 countries (US, Germany, Japan, Canada, Australia, Mexico). Additionaly Tawian wants crypto
regulations as well.
4. More BTC acceptance by vendors - (Dubai, London, US, Japan, Australia). Every-day shopping, restaurants & bars, real estate and so on.
Technical Analysis Details :
1. Double bottom shape which means trend reversal. Still not enough volume but let's wait for this.
2. First major resistance at around 9000$
3. HUGE resistance at 12000$. Not sure where we reach it. If we pass it strongly for longer time we can become optimists
4. Positive MACD divergence - short-, mid-, long-term
5. Stoch RSI - oversold zone + bull's cross
6. Strong support at 6000$
As you can see it is not that bad as everyone say. We have to stay resistant for FUSS, FUD and roumors.
Stay positively observant and good will come to all of us.
If you agree give a big like!
Share with us your ideas. The more people involved the better insight for all of us.
CURIO:
In Singapore crypto is allowed but chewing a gum is forbidden - you may get fined for this by the policeman on the street.
Thanks again from the bottom ouf our hearts for your likes, comments and engagement. Y O U A R E A W E S O M E.
Difficult time hah?
Don't worry that much. Every storm will pass, every hail will pass. We are the part of the nature which swings on the sine wave. Can it be worse? Of course. We could have BTC on 700$ level but we are not there. Ufff. We are not very likely to go there. Too much interest all over the world.
We even think that the whole confusion, fuss, price drop-down made the BTC even more famous. More interest = greater usablity = higher price
News about BTC are now in main-stream media. On the whole globe. GOOD.
So many people want to be rich - they buy low right now aiming to sell high in the future.
So before technical analysis short summary :
1. As previously mentioned - lower price is better price - upward movement expected
2. BTC bubble was burst - we are consolidating on healthier levels - the worst storm has passed
3. Many positivie info from regulatory bodies in G20 countries (US, Germany, Japan, Canada, Australia, Mexico). Additionaly Tawian wants crypto
regulations as well.
4. More BTC acceptance by vendors - (Dubai, London, US, Japan, Australia). Every-day shopping, restaurants & bars, real estate and so on.
Technical Analysis Details :
1. Double bottom shape which means trend reversal. Still not enough volume but let's wait for this.
2. First major resistance at around 9000$
3. HUGE resistance at 12000$. Not sure where we reach it. If we pass it strongly for longer time we can become optimists
4. Positive MACD divergence - short-, mid-, long-term
5. Stoch RSI - oversold zone + bull's cross
6. Strong support at 6000$
As you can see it is not that bad as everyone say. We have to stay resistant for FUSS, FUD and roumors.
Stay positively observant and good will come to all of us.
If you agree give a big like!
Share with us your ideas. The more people involved the better insight for all of us.
CURIO:
In Singapore crypto is allowed but chewing a gum is forbidden - you may get fined for this by the policeman on the street.
Note
Just to give you idea how double bottom shape looks on 1W intervaltradingview.com/chart/puuGt05z/
Trade active
Short update Fellows.On 1H interval we can see cup with handle forming. Let`s wait for the breakout level at around 7500 $.
Note
Guys. Stop loss at 6400. Be carefulTrade closed: stop reached
Cap with handle pattern not reachedNote
Watch 6400 level
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