Weekly bullish signal
Updated
I'm just trying to keep it simple.
1) Aroon (6 weeks) - shows us that bulls are strong, crossing with upper and lower lines indicates buy signal.
2) MACD (default settings) - hasn't confirmed yet, but likely to cross soon if uptrend continue.
3) RSI (default settings) - well I don't have it on this chart as I'm limited to only 3 indicators, but check it for yourself. Its lines go up and it's a possible trend reversal.
4) EMA (21 yellow, 89 white) - 7961, 8145. Closing this week above these lines is a strong bullish signal as well.
5) Yearly pivot (blue) - 8172. The same story, if this week's candle closes above it and holds, uptrend most likely to be confirmed.
1) Aroon (6 weeks) - shows us that bulls are strong, crossing with upper and lower lines indicates buy signal.
2) MACD (default settings) - hasn't confirmed yet, but likely to cross soon if uptrend continue.
3) RSI (default settings) - well I don't have it on this chart as I'm limited to only 3 indicators, but check it for yourself. Its lines go up and it's a possible trend reversal.
4) EMA (21 yellow, 89 white) - 7961, 8145. Closing this week above these lines is a strong bullish signal as well.
5) Yearly pivot (blue) - 8172. The same story, if this week's candle closes above it and holds, uptrend most likely to be confirmed.
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Note
Yesterday BCH (previously following every bitcoin move) pumped to $400 and from there whales opened short positions. Today BTC made a breakout above 9100 but there was no reaction from BCH.Implying that big players opened shorts from there, I expect a retrace/dump from BTC next week.
I expect some FOMO to start tomorrow, as weekly and daily chart remains bullish, and this FOMO will lead BTC to 9200-9500, cutting off shorts that were opened below 8990 and then there will be a dump, cutting off longs opened above 9100.
I will start shorting BTC in the range of 9200-9500, with a stop loss above 9700.
Next "buy the dips" zone for BTC is 8200-8500, but even 7800 is possible IMO.
And shorts for BCH will start from 370 and above (if we even see this prices again), with a stop loss above 405.
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Everything goes as planned, weekly closed with BULLISH DOJI.If it breaks 9200, next targets to take profits and/or open short positions are - 9500-9800.
Note
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