Looks like Distribution Phase is finally done and Accumulation has Commenced. Watch out for change of character before switching to a Bullish bias..
Chainlink still following and respecting the downward channel. Needs to break, otherwise potential decline in price short term.
Will Bitcoin continue to pass 11k or will continue to finish the ABC Pattern??
Breakout from a multiple year resistance to point 1 and holding a pretty good support on point 2 is setting up for a bullish move in the long term perspective with a possible Elliott wave formation
Cryptocurrency MarketCap is looking good and bullish! Holding nicely on the previous resistance making it our new support. I expect crypto as a whole to move sideways and consolidate from here for a couple of days or even weeks before making another significant move! We are still on the Bull market in my opinion as long as we hold on to these levels. A slight...
BITCOIN FORMING A BULLISH DIVERGENCE! Bitcoin making higher highs, with a decreasing volume. RSI is near oversold and forming a buy signal. MACD is also ready to flip the switch.. Although one more leg down to low-mid 9k is still possible before we completely form this Bullish Divergence. Hang tight!!
btc pierced thru multi year resistance.. macd and rsi still showing more room for the upside. up thrust or a start of another bullish trend for btc??