Bitcoin do or die time

Updated

This higher low we just potentially made around the 50 MA must hold, and in my opinion it will. But if it does not we will probably fall out of the channel and make it down to the pink trendline (very very strong support there).

Why I think it will hold:

4h chart:

Good luck.

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4h bounced real nicely:

Let’s hope the 50 MA whipsaws as opposed to crossing down over the 100 MA.

RSI looking great on the daily:

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Not a great sign that 50 MA has just crossed over the 100 MA on the 4h, this has been a good cross to watch. Let's hope this whipsaws soon.

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Possible this could be an abcde triangle:

Considering the MA cross, we should find out the direction soon enough.

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It's starting to look like the recent low will hold. Will get even more confirmation when we break the white dotted neckline:

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Breaking the neckline now...

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Looking great:

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Tweet from a few hours ago:
twitter.com/btc_joe/status/879052695809740800

...support just tested, time to bounce?

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Let's see if 50 MA crosses back above the 100 MA here...if so then this uptrend should continue IMO:

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Support was tested again and held on the 4h:

Zooming out to the 1d we have 4 lower lows in RSI and 4 higher lows in price, this is hidden bullish divergence:

Looking great, the bull market continues....

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Looking like we are on the brink of a break out,

here is the 4h chart (still would like to see the 50MA cross back above the 100MA):

Here is the daily chart, looks like the 50 MA held, and we are about to break out of the triangle:

Looking good.

ltc-joe

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by ltc-joe

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