BTC – let’s jump out of this devil’s triangle
Updated
Hi Guys.
Last week we showed you 3 very good news derived from technical analysis on BTC.
That was:
• Ichimoku Cloud - On the 1D chart, for the first time since the beginning of 2018, the price chart maintains over the cloud.
Additionally, the price is over Tenkansen(red) which crossed up Kijunsen (blue).
Senaku span A (faster) crosses Senkau span B (slower).
• Moving averages – 1W chart - for the first time since the beginning of the correction, we have a new bar starting above MA20 which is believed
to be a borderline of a bullish and bearish trend.
• WBM BUY/SELL Indicator - 1M chart - This is a hyper-low level.
This is the lowest level in history.
We were very low in May 2015 where the bear market was finished.
Today we are showing the following:
• We are still in the bullish rectangular triangle.
We are on a good way to finally break it
We got stuck in the so-called devil’s triangle
• The price has crossed long-lasting 11-month resistance.
This happened with not much volume but still counts.
• We also showed you possible bounce up towards $7000
• MACD - since over a month, MACD is above 0.
This is the longest period of time since the start of the correction in 2018.
Let us know what you think of such a scenario?
Will one 1 year to halving in May help us much?
Please do comment in the section below.
Thank you for reading and your time.
MASSIVE Hugs!
Last week we showed you 3 very good news derived from technical analysis on BTC.
That was:
• Ichimoku Cloud - On the 1D chart, for the first time since the beginning of 2018, the price chart maintains over the cloud.
Additionally, the price is over Tenkansen(red) which crossed up Kijunsen (blue).
Senaku span A (faster) crosses Senkau span B (slower).
• Moving averages – 1W chart - for the first time since the beginning of the correction, we have a new bar starting above MA20 which is believed
to be a borderline of a bullish and bearish trend.
• WBM BUY/SELL Indicator - 1M chart - This is a hyper-low level.
This is the lowest level in history.
We were very low in May 2015 where the bear market was finished.
Today we are showing the following:
• We are still in the bullish rectangular triangle.
We are on a good way to finally break it
We got stuck in the so-called devil’s triangle
• The price has crossed long-lasting 11-month resistance.
This happened with not much volume but still counts.
• We also showed you possible bounce up towards $7000
• MACD - since over a month, MACD is above 0.
This is the longest period of time since the start of the correction in 2018.
Let us know what you think of such a scenario?
Will one 1 year to halving in May help us much?
Please do comment in the section below.
Thank you for reading and your time.
MASSIVE Hugs!
Note
We are out of the devil's triangle.It happened even faster than we predicted.
Before we herald trend reversal let's wait a couple of more bars.
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