$BTC #Bitcoin USD is just repeating itself and definitely READY!
Updated
Hello Lads and Ladies,
Welcome to the fear games of BTCUSD. If you take a look at the chart without TA, you might think that it looking bad and BTCUSD is dumping hard. Applying proper TA to it, one is able to see very fast that this is the normal procedure of Bitcoin.
Without long talks and crazy TA terms lets get to the point, everyone wants to know about. BTCUSD has left the descending trend line (yellow), did not have enough momentum to start rocketing and so it is now hugging this trend line. Since we have not seen BTCUSD touching 6800 about a week ago, which would have been a touch on the trend line, we might see one this time. The perfect place would be where both trendiness meet at 7008$. After that there is basically no other possibility than a bounce up! Especially, looking at the RSI it locates itself around 23 points, what indicates that BTCUSD is overSOLD. It might go down to 20 or 18 points where we would see the 7008$ touch.
In my personal view, we will rather see a bounce around 7100$.
First stop would be around 7600$ then following 8200$. If it exceeds above 8500$ we are in very beautiful terrain for a huge push.
Just as a small info just for you here, Volatility of Bitcoin is a 9 month low, like it was before the humungous Push last year. Also, SO SO many coins, are at the end of their descending trend line, having to decide soon where to go. SEC is talking very nice about cryptos last few days and the BTC ETFs are in work. This might mean nothing but this might also be a VERY bullish over all market indicator.
This is pretty clear and easy information, that I am personally taking bets on. You do, what you want to do with it!
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Cheers, Tomas
Welcome to the fear games of BTCUSD. If you take a look at the chart without TA, you might think that it looking bad and BTCUSD is dumping hard. Applying proper TA to it, one is able to see very fast that this is the normal procedure of Bitcoin.
Without long talks and crazy TA terms lets get to the point, everyone wants to know about. BTCUSD has left the descending trend line (yellow), did not have enough momentum to start rocketing and so it is now hugging this trend line. Since we have not seen BTCUSD touching 6800 about a week ago, which would have been a touch on the trend line, we might see one this time. The perfect place would be where both trendiness meet at 7008$. After that there is basically no other possibility than a bounce up! Especially, looking at the RSI it locates itself around 23 points, what indicates that BTCUSD is overSOLD. It might go down to 20 or 18 points where we would see the 7008$ touch.
In my personal view, we will rather see a bounce around 7100$.
First stop would be around 7600$ then following 8200$. If it exceeds above 8500$ we are in very beautiful terrain for a huge push.
Just as a small info just for you here, Volatility of Bitcoin is a 9 month low, like it was before the humungous Push last year. Also, SO SO many coins, are at the end of their descending trend line, having to decide soon where to go. SEC is talking very nice about cryptos last few days and the BTC ETFs are in work. This might mean nothing but this might also be a VERY bullish over all market indicator.
This is pretty clear and easy information, that I am personally taking bets on. You do, what you want to do with it!
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Cheers, Tomas
Trade active
Just looked at the #Bitcoin chart, the last time we were at the same RSI level on 4H Chart, was whenever 
BTC went from $430 to $350. Looking back at the last lows, we have had an increase of $300 every two months. Which is why we have seen a low of $6630 today.
$6400 possible!
Get access to the MyAlgo Indicator:
mkast.io/pricing
Join our Discord under
discord.gg/9gNwXHd
Follow me on Twitter under
twitter.com/KongBTC
mkast.io/pricing
Join our Discord under
discord.gg/9gNwXHd
Follow me on Twitter under
twitter.com/KongBTC
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.