A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts.
The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing:
Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days:
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BTCUSDT
The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing:
Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days:
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BTCUSDT Note
BTC Update: Bullish W-Bottom in the daily(check✅). Breakout and close above the diagonal resistance (check✅).We now need to see a close ABOVE this zone to break the trend of lower highs, thereby making a "higher high":
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
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.