🅱️ Bitcoin Short-Term Update ("Good" Inflation Numbers)
Updated
The BTCUSDT (Bitcoin) short-term chart is looking bullish, ready to keep going, to move forward, to forge ahead.
➖ We have many consecutive green candles with a strong RSI.
➖ A perfect bounce above 0.382 Fib. retracement.
➖ Trading above EMA10 and EMA21.
Since the chart signals are pointing up, we will say that Bitcoin is rising and recovering because the inflation numbers were "strong".
👉 Good inflation numbers = positive Bitcoin, right?
It doesn't matter, regardless of the short-term swings and shakes Bitcoin is going up!
Namaste.
P.S. There can be volatility around these days, but continue positive as the end result.
➖ We have many consecutive green candles with a strong RSI.
➖ A perfect bounce above 0.382 Fib. retracement.
➖ Trading above EMA10 and EMA21.
Since the chart signals are pointing up, we will say that Bitcoin is rising and recovering because the inflation numbers were "strong".
👉 Good inflation numbers = positive Bitcoin, right?
It doesn't matter, regardless of the short-term swings and shakes Bitcoin is going up!
Namaste.
P.S. There can be volatility around these days, but continue positive as the end result.
Note
The short-term bullish bias is confirmed and strengthened after a short-term higher low and rested of support.Bitcoin is set to resume moving higher!
The DXY seems strongly bullish which is a positive for Crypto.
Note
This is perfect. It will recover right away... Give it a few days maximum.Patience is key!
Note
Bitcoin is 100% back on track.Highest volume on the 1H timeframe since the start of the month.
The 4H timeframe looks great as well... This was only a strong shakeout. Over 175M in over-leveraged long traders were liquidated... This is good for the health of the market.
This is good for this bullish wave.
We expect additional growth.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.