BitcoinLong
Will we see a break out of 40 000
It seems the bulls has declared war lol.
Pushing price to resistance level
This move was predicted but not expected
A little sellers bias took over sorry.
THE double bottom and bull flag confirmed a possibility of a breakout like I mentioned in case study 11.
So I'm sure everyone is waiting for the 40 000 to give way for the bulls to take over at this point info point more to a possible break but let's look at everything in context and make a decision based on the facts of the market not on emotional rallies.
We will be going deeper into our analysis by looking at
On the 4h time frame
ADX
Rsi
Volume
COD
Ichimoku cloud
Kensan kujin
ADX
We are seeing a bullish crossing with main showing bearish weakness.
RSI
Is not overbought on the 4h still room for up sing but the lower time frames is above 70 meaning its being capped bullish sign
VOLUME
Don't know much about volume
But it seems to show signs of less buying volume
COD
COD shows more selling than buyers it seems over last week alot of trades was close more on the buyers side than sellers
ICHIMOKU CLOUD
Market above cloud bullish sign
KENSAN AND KUJIN
Bullish crossing but the bearish line is to close.
Don't seem very positive.
where are we people
So where are we people
Not sure but the obvious answer is break out to 51 0000
Pushing price to resistance level
This move was predicted but not expected
A little sellers bias took over sorry.
THE double bottom and bull flag confirmed a possibility of a breakout like I mentioned in case study 11.
So I'm sure everyone is waiting for the 40 000 to give way for the bulls to take over at this point info point more to a possible break but let's look at everything in context and make a decision based on the facts of the market not on emotional rallies.
We will be going deeper into our analysis by looking at
On the 4h time frame
ADX
Rsi
Volume
COD
Ichimoku cloud
Kensan kujin
ADX
We are seeing a bullish crossing with main showing bearish weakness.
RSI
Is not overbought on the 4h still room for up sing but the lower time frames is above 70 meaning its being capped bullish sign
VOLUME
Don't know much about volume
But it seems to show signs of less buying volume
COD
COD shows more selling than buyers it seems over last week alot of trades was close more on the buyers side than sellers
ICHIMOKU CLOUD
Market above cloud bullish sign
KENSAN AND KUJIN
Bullish crossing but the bearish line is to close.
Don't seem very positive.
where are we people
So where are we people
Not sure but the obvious answer is break out to 51 0000
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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.
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.