So someone asked me if I believed bitcoin might go down .... Naaaah... not in a bearish trend ... It might fall a bit sure, but the trend still wants to go up ..
What is happening imo... is a lack of momentum .. which makes this weird situation... which I do think is just a false breakout :)
Bitcoin is overally when you look at the Stochastic Oscillator...
I've added the Fibonaci here, since the bounce seems to not happen as fast or aggressive as anticipated! - We are lacking momentum...
This could be a bearish sudden sign, though I do sense a cup and handle, which should also indicate a bullish trend, or at least a sleeping giant move...
The fibonaci is my last ressort to believe that we still can hold our long...
So this one is a bit more spicy guys!!
- I see many possibilities here... but I wanna keep it simple ...
The ADX tells that the price is fairly low, compared to being overvalued or undervalued ... But the Stochastic Oscillator proves something different
people like the price as it is right now ... Also (they don't know where they wanna go)
Our 60.000$ zone...
The sign is clear, a pendant indicates a big change is about to happen, also the ADX (bottom indicator) shows the price is slightly undervalued. The MACD is indicating the price might prepare for a new trend. And what the trendlines also shows is a strong support ... I expect a bounce, and hopefully we'll see a breakout to 60.000$++ new ATH is coming guys! If...
Good morning everyone... As I said yesterday the trend really is bullish!! I see a lot of people talking about head and shoulders graphs... But sometimes keep it simple... The MACD spoke bullish, the ADAX spoke bullish and zones with trendlines also indicated a strong bullish move!
What's next?? Well we are waiting to confirm wether Bitcoin can or can't contest...
