BTC bullish
There is such a wonderful tool - Gann Fan. Recently, I have introduced it into my arsenal, as one of the basic ones. After observing several months of its workings, I have found that it has amazing accuracy in the emergence of multidirectional trends, and regardless of the timeframe.
Here we can see a legendary Hash Ribbons that gave a buy signal as well. Statistically, HR rarely gives false signals.
The Bollinger Bands bubble also marks the rebound.
Well, and, of course, the RSI is still in the oversold area.
So this bunch of tools tells us of medium-term uptrend priority. In case we go back to 25000, and even more so to 24800, then the next (and, I think, the final point before a solid long-term bullish movement) is in the 21400-22000 area.
Here we can see a legendary Hash Ribbons that gave a buy signal as well. Statistically, HR rarely gives false signals.
The Bollinger Bands bubble also marks the rebound.
Well, and, of course, the RSI is still in the oversold area.
So this bunch of tools tells us of medium-term uptrend priority. In case we go back to 25000, and even more so to 24800, then the next (and, I think, the final point before a solid long-term bullish movement) is in the 21400-22000 area.
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.