The GC and BB are both hinting we have reached the bottom. BTC hit the GC top almost exactly and bounced upward. Weekly candle also looking good. Do not let the media and YT scare you. Close your eyes and come back in August.
Looking at the previous run it appears we could be headed up to 44k or around that area before come back down to the 20k mark. Still looking good for year end.
As you can see we are on an upward trend on the daily but are quickly approaching the GC resistance and the candle for today is looking really bearish. If the trend breaks and we fall below 33k then watch out...
As you can see we have a very nice 4 hour trend line that has breached out of the GC. If we can hold support above the GC and the trend line we should continue to move higher in the short term. I am not confident in the long term yet but i do see a nice move up to 45-50k if the support holds.
As you can see the death cross on the daily is set to happen around June 19th. But almost every other indicator is showing a strong bullish push. The ADX and DI are coming very close to a cross up, this has been extremely bullish in the past. Also the has ribbons are showing signs of putting out a buy signal. Expect a week or so of sideways movement and then a...
If you take a look the MACD and RSI are showing higher highs and an upward trend while the price is moving sideways. This could confirm we are about to take off for a nice gain. Could see BTC test the 45-65K mark in the next 30 days.
Key levels of support. If we close an hourly candle either above or below it could be a trend. Will know a lot more on Monday. I would not make any moves until BTC shows a clear pattern. Not investment advice.
