Bulls fly Bears cry : Can Bitcoin hit 9k ?
Updated
After BTC mama jumped off the cliff, bulls caught mama on 6400. Now they are taking her to 8th floor.. who know 9th floor or above is also a possibility.
Daily Chart:
1H chart:
Pennant after pennant which shows the confidence of the bulls (and the whales). It was interesting to see the price holding over 7200 from last night.
In my previous post, I posted two signals. I expected BTC to go up to at least 7350, because on the 4H chart we have ichimoku cloud as resistance around 7400. As BTC is holding above 7200 we should be able to get close to 8K and if we hold there strong we will test 9k then.
*** This is not a financial advice. Trade safe.
*** Bulls should fly and bears should eat donut :D
Daily Chart:
- Stochastics and RSI oversold with bullish momentum
- Weiss wave buy volume initiated
- We finished TD sequence (9th candle) with a hammer and bullish cross on Stochastic at the same time
1H chart:
Pennant after pennant which shows the confidence of the bulls (and the whales). It was interesting to see the price holding over 7200 from last night.
In my previous post, I posted two signals. I expected BTC to go up to at least 7350, because on the 4H chart we have ichimoku cloud as resistance around 7400. As BTC is holding above 7200 we should be able to get close to 8K and if we hold there strong we will test 9k then.
*** This is not a financial advice. Trade safe.
*** Bulls should fly and bears should eat donut :D
Note
We are currently facing resistance from the ichimoku cloud on the 4H chart and the Stockastic RSI hanging there at the top. I would expect a pullback around 7200 and then rally up again. Plan your game ahead. *** This is not a financial advice. Trade safe.
Note
Things are not looking too good on the 4H chart. Have you stop-loss set in case we are heading back to darkness. We can only wait and see. Note
new post:
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.