BitcoinLong
BTC Double bottom pullback on weekly chart; BULLISH!
Updated
BTC has confirmed a double bottom, W pattern, on weekly chart and is now in the pull-back after crossing the 42K, roughly, mark.
The macd line is above the zero line and about to cross signal line. MACD histogram is about to flip green and cross zero line w/ all three being above the zero line showing bullish signal.
RSI is down-trending and ran into resistance-trendling. Look for break of this resistance and a bounce off to push higher.
OBV shows similar pattern as RSI. Running into overhead resistance trendline w/ a slight downward turn. Im watching for a break of this resistance and a bounce off to add to my position in conjunction w/ the MACD flip, RSI break, and bounch off the 42k range.
thoughts?
The macd line is above the zero line and about to cross signal line. MACD histogram is about to flip green and cross zero line w/ all three being above the zero line showing bullish signal.
RSI is down-trending and ran into resistance-trendling. Look for break of this resistance and a bounce off to push higher.
OBV shows similar pattern as RSI. Running into overhead resistance trendline w/ a slight downward turn. Im watching for a break of this resistance and a bounce off to add to my position in conjunction w/ the MACD flip, RSI break, and bounch off the 42k range.
thoughts?
Note
BTC flash liquidation to support/breakout point of double bottom of Jun 14th as predicted. Good buying opportunity to go long but would like to see more volume come. May hand around this level as many traders/investors are spooked since the massive drop of 10K in a span of 5 mins!!!. It was beautiful to watch. BTFD all day #BTC
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