4HR Bitcoin is currently displaying a slight breakout and a retest. The 50 Day Moving Average is now above the 200 Day Moving Average. We have a Golden Cross on the 4HR chart. Historically this has been a important indicator in cryptocurrency for short-midterm enter and exit trade executions.
Tough MA Resistance ahead. Both the 100 and the 128 day Moving Average are proving to be a difficult area for Bitcoin. My prediction is that a Short Squeeze will likely drive Bitcoin past this resistance area. Bitcoin in the past has found itself in similar situations, given its recent dominance increase to over 46% compared to altcoins, an important indicator...
After a long 4 years, we finally have received another Red-9 on the weekly candles. Following TD.Sequential standards it was easily identifiable that a strong move up was approaching. I expect at least a Green1-4 candle rally on the weekly charts, which would be justified by the news/hype surrounding the SEC's Bitcoin ETF approvals which I believe will be...
Shall the BTC Rally continue driven by the speculative news of SEC approved ETFs, I expect this area to be the maximum top before profit taking starts taking place. I will close my long position somewhere in this channel, then observe the altcoin market to identify if the market is taking profits and moving them into smaller cap coins that have found a strong...
slowly getting to the absolute bottom. Stoch RSI is at all time low on the Monthly. NICE!
We could see a small rally up next few weeks then a ultimate we drop to 4.8K
If these MA lines cross, which they will soon, get ready for more #Justin'
Each time the dark green trend line was approached and tested, historically it led to a break out upwards. Will it repeat?
4hr *CMF buy volume up A LOT. Love to see the *OBV volume break out, it is starting to curve upwards. A strong steady bounce of 30MA (red) on the right chart, Moving the blue on the left chart above the Wall of Winterfell and red line at once (Super Bullish). Tl*dr : Need a strong steady bounce of 30MA with a nice breakout in OBV volume.
Doesn't need much explanation.
One last run as always for whales to exit summer. Likely around mid-JUNE/ JULY. Then Tether up until 3K