BitcoinLong
Are we going up to 51k or 40k
Are going up to 51k or 40k
Will we see the 20k level by the end of June
Start the rally in a new month
Right now we not focusing on the case study of btc but just seeing and evaluating what's happening
Are we looking at a step ladder
If so the following rules apply
With every consolidation the overbought conditions gets released and a new bullish setup is formed for more upswing.
THE possibility is present within current candle patterns.
If we look on the 1h time frame.
We see in the two cases that in the rsi the overbought conditions was completely nuetrilized by the consolidation and pullback in the two cases.
What does this mean
If btc continues this pattern we could see a long term buy here
But there is a few barriers to break also
WELL GUYS WE ALSO SAW A HEACY TAKE DOWN BY THE BEARS
AND WE ALSO HAVE A FALLING OF THE ROOF IN PLAY THE UP SWING CAN ALSO BE A RESTEST BEFORE DROP.
Will we see the 20k level by the end of June
Start the rally in a new month
Right now we not focusing on the case study of btc but just seeing and evaluating what's happening
Are we looking at a step ladder
If so the following rules apply
With every consolidation the overbought conditions gets released and a new bullish setup is formed for more upswing.
THE possibility is present within current candle patterns.
If we look on the 1h time frame.
We see in the two cases that in the rsi the overbought conditions was completely nuetrilized by the consolidation and pullback in the two cases.
What does this mean
If btc continues this pattern we could see a long term buy here
But there is a few barriers to break also
WELL GUYS WE ALSO SAW A HEACY TAKE DOWN BY THE BEARS
AND WE ALSO HAVE A FALLING OF THE ROOF IN PLAY THE UP SWING CAN ALSO BE A RESTEST BEFORE DROP.
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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.
Related publications
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.