BitcoinLong
BTC/USD on Bitfinex. Timeframe 1 D. Goodbye Downtrend :)
Updated
The chart above, I created using the 1W timeframe and then I zoom in to 1D timeframe. First, look at the RSI indicator, price movement still shows the downtrend.
Second, Linear Regression also still shows the direction of the downtrend. Candlestick has broke the support line of Gann Fib 8/1 and now candlestick will price testing at 100.00% Fibonacci support line. However, is this the end of Bitcoin ? Of course not!
I am very optimistic that Bitcoin downtrend will end soon. Look at the yellow line I gave, STRONG SUPPORT at $ 4970.0, which will end the Bitcoin downtrend.
Look with EAGLE EYES view, enjoy the FOMO dan get ready for LAMBO!
Correct me if i'm wrong. GOOD LUCK!
Second, Linear Regression also still shows the direction of the downtrend. Candlestick has broke the support line of Gann Fib 8/1 and now candlestick will price testing at 100.00% Fibonacci support line. However, is this the end of Bitcoin ? Of course not!
I am very optimistic that Bitcoin downtrend will end soon. Look at the yellow line I gave, STRONG SUPPORT at $ 4970.0, which will end the Bitcoin downtrend.
Look with EAGLE EYES view, enjoy the FOMO dan get ready for LAMBO!
Correct me if i'm wrong. GOOD LUCK!
Note
"Second, Linear Regression also still shows the direction of the downtrend. Candlestick has broke the support line of Gann Fib 8/1 and now candlestick will price testing at 100.00% Fibonacci support line. However, is this the end of Bitcoin 0.55% ? Of course not!"~Sorry, i mean 0.00% Fibonacci support line, not 100.00%.
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.