Btc-usdt
🔥 A Collection Of Analyses Why Bears Are WRONG On This MoveOver the past weeks I've made several bullish longer term analyses on Bitcoin and the markets in general. In my view, the bottom is in and we're likely going to continue this bullish move for the next few weeks.
Still, there's plenty of bearish investors. Yes, the macro is bad and a recession is likely, but that doesn't mean we can't go up. After 1 year of selling there's simply little left to sell, so the easiest path is up.
Below I've made a collection of analyses and charts that all signal that the bottom is in and better times have come.
1) See the main chart. We bounced off the ~6 year support.
2) The PMO indicator has flashed a buy signal. This is a great indicator to catch big moves.
3) Bitcoin's monthly RSI is curling up, after reversing from support.
4) The crypto bear market has lasted exactly the same time as last bear cycle. Note that the bull-cycle has lasted equally long as well!
5) Bullish divergence on the BTC weekly chart.
6) A break out through the long-term bear market resistance.
7) The dollar index (DXY) is falling like a brick. A weak dollar is generally great for the markets. Every BTC bull-cycle was accompanied by a weakening dollar.
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Mkr Approaching Towards Crucial Resistance Seems Like Mkr has already Bottomed Out
So far consolidating In More Then Year Old Descending channel ( Keep In Mind The More It Will Consolidate The Higher Chances Will Be For breakout)
Now approaching towards Major Trendline Incase Of breakout Expecting 280 To 300% bulish Move
wait patiently for breakout for entry
Ftm Forming Bullish Pennant Seems Like Getting Ready For Another Breakout
Forming Bullish Pennant In H8 Timeframe Incase Of Breakout Expecting Another 55 - 60% Bullish Move
Xem Building Up For Massive Breakout Seems Like Xem Has Already Bottomed Out
Formed Descending Channel In daily Timeframe InCase Of Breakout Expecting 90 -100% Bullish Move
BTC USDT Bearish Bias to 15,000we see big bearish signals as we see a bearish gartley from 47,200.
If Bitcoin crashes, it will be a the greatest buying opportunity.
This may play out from 10-99 Days.
and we may see a slow but sustained reversal.
Bearish Target: 24,000-14,999
Bull Target 54,000-69,000.
Trade Safe.
Mad Love to all.