Hello, we got a bunch of positive signals here.
First of all, we are back into the higher channel (even if below the middle line that was tested).
Also, the previous high at 10,500 was successfully broken and retested.
Finally, we are again above the retracement area from 14k to 4k, where we were in February-March before covid ruined it.
Can this be the start of a massive bullrun?
For this to be confirmed, I want to see the same pattern on the BTCUSD chart, as now we are at the previous after halving high, but the chart is not as positive as the BTCUSD one. This signals that this spike was mainly driven by a depreciation of the dollar. Positive outcome though. To confirm the bull run we have to see BTC above 12,500, which is the end of the retracement area from 20k to 3k. That level was broken for few days last year in July. We are approaching it once again. I believe this time will be the successful one.
First of all, we are back into the higher channel (even if below the middle line that was tested).
Also, the previous high at 10,500 was successfully broken and retested.
Finally, we are again above the retracement area from 14k to 4k, where we were in February-March before covid ruined it.
Can this be the start of a massive bullrun?
For this to be confirmed, I want to see the same pattern on the BTCUSD chart, as now we are at the previous after halving high, but the chart is not as positive as the BTCUSD one. This signals that this spike was mainly driven by a depreciation of the dollar. Positive outcome though. To confirm the bull run we have to see BTC above 12,500, which is the end of the retracement area from 20k to 3k. That level was broken for few days last year in July. We are approaching it once again. I believe this time will be the successful one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.