Long

BITCOIN ($XBT): My bullish setup...

Updated

My plan A) - bullish setup

Note

The most of lower TFs look pretty good - bullish. So, that is the main reason why I want to take a look at higher TF, at 1W:
a) Volume profile has been decreasing for last weeks. But the price is increasing. Usually it is bearish sign.
b) RSI-Stoch is heading to "30 level". So, currently it is neutral signal.
c) Just MACD indicates potential upward trend continuation.

Note

Despite today's dump ... looking at 1W chart ... Bitcoin looks good. I can see a few bullish signs:
a) MACD and RSI have bullish shape.
b) Weekly volume spiked up the average.
c) Looks like we close with bullish candle weekly.

Do not be surprised, if BTC test $3600-$3500 zone again.
But, in general, target $4250 active.

Note

From the daily prespective ... #Bitcoin is pretty brearish.
If #BTC lose MA55 ($3644) support, we undoubtely go to $3400-$3300.

Note

: 4H TF is interesting, because we have potential Hidden Bullish Divergence (price makes HL and RSI makes LL).

Note

For new updates, pls. follow this TA:

BITCOIN ($BTC): 5th Extension Terminal Impulse

AsBobbyDigital

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