Long
Bitcoin FUD Is Over. Prepare To LONG!
Three bullish signs:
- MACD 4h about to cross up.
- Godmode indicator also about to cross up.
- RSI higly oversold and about to break that line upwards.
Also the last few days have been nothing but senseless FUD. If Korea closes or breaks down on exchanges, users will just move somewhere else. That's why BNB (Binance Coin) has been pumping lately I think.
Price action is also locked into a channel.
Next TP is around 34000000.
Good luck!
- MACD 4h about to cross up.
- Godmode indicator also about to cross up.
- RSI higly oversold and about to break that line upwards.
Also the last few days have been nothing but senseless FUD. If Korea closes or breaks down on exchanges, users will just move somewhere else. That's why BNB (Binance Coin) has been pumping lately I think.
Price action is also locked into a channel.
Next TP is around 34000000.
Good luck!
Trade active
Zooming in, there is a falling wedge pattern.Trade active
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Breakout of the pennant.Note
BTCKRW hasn't been able to break the FIB resistance. I think it's about to go down.Note
Ok we have just bottomed. Double falling wedge on a box formation. Market going up again.Note
Bottom didn't hold for too long.Could be having a new bounce now though.
Note
Looks like BTC is ready to break that dump resistance.Note
After the bounce we have BTCKRW going downwards at least 7% more in the upcoming hours. The bounce was strong but that’s usually a characteristic of bear markets. They don’t last too long...If we drop to the indicated price level in the chart there could be another bounce and we could head a bit higher. Nevertheless I do not expect this other possible bounce to hold and I think we will see BTC reaching new lows in the next days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.