Hello everybody, I want update you with another of my prediction. They are becoming daily.
So in my previous idea I said we were going up to reach 8100$ well we went up to 8050$ it was close enough :) Now maybe you're wondering, Marco what's gonna happen now? Well I will tell you what's going to happen.
Right above on my chart you can cleary notice that the Orange line ( 200 EMA) on the daily has been crossed that was where the annoying trend line was sit. Yeah we crossed the trend line despite many people were saying different, what happen now? sentiment has changed, you can also see on the daily RSI that we crossed 70 value, this for me is a huge bullish signal that something amazing is happening. We haven't seen such value from December.
So now we're clearly overbought we need a beautiful bull flag to form and maybe the 200EMA (trend line) will function as a support for us, I really thing so. this will allow us to cool off again our indicators that are going nuts.
The dashed yellow line is indicatively what I think Is going to happen. Now I really think we are moving forward to the 200MA the green line you see on my chart, keep in mind that the line is moving so will come down approaching us in the days are following. And while we're moving sideways or little upward also we gonna move above the red cloud, once we will have the cloud below, well that's will be a great bullish sign for our future.
As always, I want you to remember the ETF, all this is in part due to the ETF fomo on btc, so always don't be caught off guard, trade wisely, take profits, and use stop losses under important supports, and another important thing I 've been noticing, Bulls are trading with the 15 min RSI is a great opportunity to trade even.
Salve a tutti sono un analista tecnico. Potete trovare i miei video su youtbe sotto il nome di Mind The Chart
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