BitcoinLong
Lets make it clear as much as possible
Updated
Hello everyone,
Lets take a look at Bitcoin Daily chart today.
You can see how MFI indicated nice top with two red toppy areas supported by RSI bearish divergence. (Left side/hammer)
What we have now is exactly the opposite condition. MFI indicating two green bottom areas supported by bullish divergence. (Right side/rocket)
Break aboove the Red curved resistance should initiate a new bull run.
Previous bull divergence (blue line) initiated a solid run from 7,5K to 10,5K USD
Possible targets in the TA.
If you have any questions then do not hesitate to ask in comments bellow the chart.
Cheers.
------------------
Risk Disclosure
DISCLAIMER: This is not a financial advice ! Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. The valuation of asset may fluctuate, and, as a result, clients may lose more than their original investment. Investing will have impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. As an investor, it's crucial to know how much of your money you could lose and what circumstances could cause this to occur. Always do your own research and think twice before you invest.
Lets take a look at Bitcoin Daily chart today.
You can see how MFI indicated nice top with two red toppy areas supported by RSI bearish divergence. (Left side/hammer)
What we have now is exactly the opposite condition. MFI indicating two green bottom areas supported by bullish divergence. (Right side/rocket)
Break aboove the Red curved resistance should initiate a new bull run.
Previous bull divergence (blue line) initiated a solid run from 7,5K to 10,5K USD
Possible targets in the TA.
If you have any questions then do not hesitate to ask in comments bellow the chart.
Cheers.
------------------
Risk Disclosure
DISCLAIMER: This is not a financial advice ! Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. The valuation of asset may fluctuate, and, as a result, clients may lose more than their original investment. Investing will have impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. As an investor, it's crucial to know how much of your money you could lose and what circumstances could cause this to occur. Always do your own research and think twice before you invest.
Note
Trade active
Trading active becuse 3h looks to me like double bottom with break out and retest Note
TP2 reached
Anonymous investor teaches how to master the game towards PERSONAL GRADUAL GROWTH4FREE
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
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.