Bitcoin is getting ready for additional growth and this last retrace can be seen as part of the fun.
Please allow me to entertain yourself for a few minutes...
So... THANK YOU for reading and thanks a lot for your continued support (make sure to like, share, comment and follow).
This is going to be a very quick post about Bitcoin, detailing a few signals that makes me believe that Bitcoin will continue going up... Let's see what we have (above we have an 8 hours per candle chart - last candle closes in 2 hours):
1- We have a very strong green candle.
2- We bounced from the bottom of the Bollinger Bands.
3- We are trading within an ascending channel.
4- The last two candles together give out a bullish signal (this one is only confirmed once the last candle closes).
5- MACD starting to curve up.
6- RSI had a strong bounce from a low that it hasn't seen in over a month. From here it is already curving up.
7- Bitcoin is trading above EMA100 and 200 lines.
8- We broke above the EMA50 (magenta) resistance, which will now work as support.
9- We are green on the Ichimoku Cloud.
10- The STOCH reached bottom and it is curving up with plenty of room left for growth.
Extra: Full negative 9 count on the TD Sequential, followed by a strong bounce.
So what's your opinion: Will Bitcoin Continue Its Bull Run?
Are we going up?
Please share your opinion in the comment section below.
Namaste.