Can It Last? Is This a Trend Reversal?
Today, #Bitcoin surged over +8%, but surprisingly, #Tesla outperformed with a massive +20%—almost as much as $FARTCOIN! 🤯
History is being written, and we’ll remember this day… but is this truly the end of the consolidation phase?
What to Watch:
📈 Price Action: Bitcoin must break above the descending trendline (in green) and close a daily candle above it to flip resistance into support. The price to watch is $84.5k. Closing under 80k would invalidate this pump.
📊 RSI: Currently in mid-range—could swing either way.
🔁 MACD: Was turning bearish. We need a clear bullish crossover to confirm a trend continuation.
Conclusion:
With all the recent global tensions, many investors are feeling a sense of relief, especially as the trade war appears paused until September. This gives markets some breathing room to recover.
However, it’s not all clear skies yet:
🕵️♂️ Let’s see how the weekly candle closes after this sharp move to the upside.
Today, #Bitcoin surged over +8%, but surprisingly, #Tesla outperformed with a massive +20%—almost as much as $FARTCOIN! 🤯
History is being written, and we’ll remember this day… but is this truly the end of the consolidation phase?
What to Watch:
📈 Price Action: Bitcoin must break above the descending trendline (in green) and close a daily candle above it to flip resistance into support. The price to watch is $84.5k. Closing under 80k would invalidate this pump.
📊 RSI: Currently in mid-range—could swing either way.
🔁 MACD: Was turning bearish. We need a clear bullish crossover to confirm a trend continuation.
Conclusion:
With all the recent global tensions, many investors are feeling a sense of relief, especially as the trade war appears paused until September. This gives markets some breathing room to recover.
However, it’s not all clear skies yet:
- Bitcoin is still stuck inside the descending bearish channel.
- The recession risk hasn't gone away.
- Trump may have been pressured to offer good news to avoid a full-blown market crash.
🕵️♂️ Let’s see how the weekly candle closes after this sharp move to the upside.
Telegram: t.me/metaisland_gg
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Web: nikkoid.com
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Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
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.
Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
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.