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BTC - EMA Cross at $8k Sends Us HigherBTC overshot the support (like usual) and is bouncing back strong into December. Confirms Bullish Trend - RSI broke downtrend. Low and plenty of room to rise. Filter Dots show bullish trend just started. Intraday Momentum (bottom indicator) was totally bottomed out. Plenty of room to rise. Bullish EMA Cross incoming on top chart around $8000. If we get above this, we should see bullish momentum continue. 200MA dashed line is slightly above. If we cross this dashed line, this will confirm bullish continuation. Congrats to those who bought this last dip. We are still in an excellent long-term entry point. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
GEMINI:BTCUSDLong
by MoneyPatterns
1
RSI DIV StudyLooking back at the past. The last time the RSI DIV looked like this is BTC's first cycle. I have been on this theory for a year. I think we are going to mimic something just like it. Did a Bar Pattern and it puts us at 90k If BTC respected the FIBS like the other 2 cycles the 2.272 FIN level is at 180k. Sounds crazy I know. But this is Bitcoin and BAKKT's Volume is picking up! TONS of huge players and believers in BTC! This network is going to blow minds! LOW FLOAT! HODL!
BNC:BLXLong
by ChARTs1440
2
BTC - Turning Point - Going UPWe have finally reached the end of this descending wedge, suggesting a bullish breakout. The price position in the bottom resistance towards the end of the triangle suggests breakout through top at end of wedge. Daily candle today is flashing a Buy Signal. RSI trendline is almost ready to be broken. Fisher Transform flip to bullish occurred. Bullish confirmation on Filter Dots coming momentarily. Based on the pattern, by mid December we should stay above $7k forever. Yes, forever. Bottom log trend line being broken would be a first in over 10 years. For this reason, I don't feel we go below $7k ever again after December at latest. I think that once we see a pullback in the SP500 and other overbought markets, this will drive cash flow to BTC. Money doesn't like to sit still, banks have zero interest, stock market will be correcting, and riskier assets like BTC look more attractive. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns
3