BITCOIN ⚒️ Miner Capitulation Over? 🤔
Did strong miners step up the hash rate?
Are the whales buying up the price?
🐋 Whales —
On Balance Volume is testing Resistance. A rejection here and price will most likely drop... but if it continues up, FOMO may kick in.
🐂 Traders —
Relative Strength Index makes a Hidden Bullish Divergence... during a Daily uptrend. This is very bullish.
⚒️ Miners —
BTC Hash Rate is above 200 Day Moving Average and a Buy Signal triggered.
⚠️ This is a tough call. Short positions are loading up at this level... but this could result in a Short Squeeze to take Bitcoin up "temporarily" higher if whales decide to flex. Personally, I'd rather be in a position with a Trailing Stop Loss than sit here on the sidelines watching this possibly moon.
Are the whales buying up the price?
🐋 Whales —
On Balance Volume is testing Resistance. A rejection here and price will most likely drop... but if it continues up, FOMO may kick in.
🐂 Traders —
Relative Strength Index makes a Hidden Bullish Divergence... during a Daily uptrend. This is very bullish.
⚒️ Miners —
BTC Hash Rate is above 200 Day Moving Average and a Buy Signal triggered.
⚠️ This is a tough call. Short positions are loading up at this level... but this could result in a Short Squeeze to take Bitcoin up "temporarily" higher if whales decide to flex. Personally, I'd rather be in a position with a Trailing Stop Loss than sit here on the sidelines watching this possibly moon.
Note
Currently, Bitcoin is above historical Resistance!Note
🟩Green candle bodies in the Monthly are Areas of Value. Very clear demand between $6,403 and $9,297. If this month of May closes its candle body above $9,297, I think there is a strong possibility it will finally break above its Downtrend of Resistance since $20,000 in 2017!🚨 3 more days to go... it can possibly pump and dump. Who knows what the whales and miners will do??? 🤷♂️
Note
BTC Hash Rate recovers 24%... That's one heck of a recovery!
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