Bitcoin To The Moon Pt. 2! Bullish Engulfing...
Updated
The title says it all, let's take a look at the details:
"A bullish engulfing pattern occurs in the candlestick chart of a security/asset/coin when a large white/green candlestick fully engulfs the smaller black/red candlestick from the period before. This pattern usually occurs during a down trend and is thought to signal the beginning of a bullish trend [...]"
Bitcoin bears tried to breakdown the ~$5800 price level many times but with no success. Afterwards, we got this bullish engulfing candlestick formation, which is a bullish signal. We also have very strong bullish divergence on the MACD as well as a bullish crossover.
I will be sharing more details soon, but expect some additional positive movement from Bitcoin in the days to follow.
My "ideas" are always based on the long term view of Bitcoin, as I don't mind the short term and I am called the Eternal Bitcoin Bull... Because I love Bitcoin. :)
Thanks a lot for reading, and expect more from me very soon.
Please like, share, follow and comment.
With lots of love... I LOVE YOU...
Alan Masters!
Namaste.
"A bullish engulfing pattern occurs in the candlestick chart of a security/asset/coin when a large white/green candlestick fully engulfs the smaller black/red candlestick from the period before. This pattern usually occurs during a down trend and is thought to signal the beginning of a bullish trend [...]"
Bitcoin bears tried to breakdown the ~$5800 price level many times but with no success. Afterwards, we got this bullish engulfing candlestick formation, which is a bullish signal. We also have very strong bullish divergence on the MACD as well as a bullish crossover.
I will be sharing more details soon, but expect some additional positive movement from Bitcoin in the days to follow.
My "ideas" are always based on the long term view of Bitcoin, as I don't mind the short term and I am called the Eternal Bitcoin Bull... Because I love Bitcoin. :)
Thanks a lot for reading, and expect more from me very soon.
Please like, share, follow and comment.
With lots of love... I LOVE YOU...
Alan Masters!
Namaste.
Note
The 4H time frame chart is looking beautiful. Candle is yet to close, but we are trading above EMA50 and EMA100. This is good...Note
Another short term bullish signal on the 1h chart, a similar signal can be spotted on the 2h chart... based on these signals, Bitcoin will continue its climb up!Note
I am seeing additional bullish signals developing on all time frames, but they need some time to develop.We are now above EMA100 on the 4h chart. We haven't traded above this line, strong blue, since early May.
- The MACD has also entered the bullish. The bulls only need to maintain their position and add a little more momentum and we will continue our climb up.
Here is the chart:
Note
A closer look at the 4 hours chart: Note
Today Bitcoins monthly candle closes and tomorrow the weekly. These are very important to confirm if Bitcoin will continue its climb up.Please allow time for this to happen and we will see where we are at on Monday.
Still, it is good to see a positive weekend for a change and some bullish momentum hitting the market.
We definitely want more...
Namaste.
Note
Let me know what you think about the signal described in the idea below:
Note
I am seeing several bullish signals developing... Some that might affect Bitcoins price in a positive in the short term (1-2 days).Note
Trading day/week is closing soon... I believe we will go up in the short term (days/weeks ahead). We will see how it goes.Note
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