I'm wondering if in tradingview I'm the only one who sees BTC ready to start his natural ascent again. This is the third time that BTC generates this formation after dropping and releasing the daily RSI, if we were to proceed on this trandline and pass the fuchsia resistance the future of BTC will be bright again. Next big resistance after that is around 13k...
These are the two possible scenarios, what you think will happen today?
We have bounced on the daily historical BULL trandline, we need to go only up from here, but if this won't happen we could see a test of the 8k$ level, let's pray together.
purple trandline was broken in the night price action, i hope this trandline will guide us to a new moon phase, but if this not happen we will retrace atleast on the second yellow trandline. Brace yourself !
As you can see in the chart analysis we have a divergence on the 4hr T.F. i think that a major retracement is needed for keep climbing. Becarefull trading in this zone!
4hr RSI is showin good way to grow- We have hard bounced on the green ichimoku cloud like we have seen in the past same pattern. if we break this last red resistence i think we can consider to open a long position.
We have bounced on the 144 period EMA like in June, stoch RSI almost resetted, second daily bottom, maybe is time to go up a little?
Traveling to the Moon, have fun trading BTC and 'member to HODL!!!