Bitcoin 3D timeframe update - potentially bullish
3D timeframe is not as important as W, but much more accountable than 1D though when using it in our technical analysis
Let´s see what we have on here:
1. Stable descending trendline since 09.11.2021
2. Oversold
3. Negative volume bars descending
4. MACD ready to cross bullishly
5. VMCipher bottoms and confirmed blue flag (historically always led to rally - 110% by 07.21, 600% by 11.20, also in 2018 despite being in the bear market it led to 20-30% pump twice, go and figure it yourself)
So what we need:
1. Next 3D candle to be green and to close not below 38000
2. Ideally 41500 close
3. 44000-45000 would be insanely bullish short term
What we can expect then:
1. Pullback to 47000
2. 50000
3. 60000
If we just break 47000 and retest is as a support, it will be a chance for the recovery of bull market imho.
Stay safe, trade safe
DISCLAIMER: not a financial advice, just my personal perspective of the market
Let´s see what we have on here:
1. Stable descending trendline since 09.11.2021
2. Oversold
3. Negative volume bars descending
4. MACD ready to cross bullishly
5. VMCipher bottoms and confirmed blue flag (historically always led to rally - 110% by 07.21, 600% by 11.20, also in 2018 despite being in the bear market it led to 20-30% pump twice, go and figure it yourself)
So what we need:
1. Next 3D candle to be green and to close not below 38000
2. Ideally 41500 close
3. 44000-45000 would be insanely bullish short term
What we can expect then:
1. Pullback to 47000
2. 50000
3. 60000
If we just break 47000 and retest is as a support, it will be a chance for the recovery of bull market imho.
Stay safe, trade safe
DISCLAIMER: not a financial advice, just my personal perspective of the market
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.
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.