Just a few days ago there was a lot of friction in the comments section just because we were fast to point out that Bitcoin was looking to move higher...
I understand, for some people it takes longer to see "the writing on the wall".
Looking at the chart as it is now, it is becoming clear that Bitcoin is set to continue moving higher.
The volume bars are a strong indicator.
We can see the green bars being always bigger than the red bars.
We also had a very long correction followed by consolidation period.
Finally, the RSI is at its highest since mid-June.
We have prices trading above MA200 and EMA200 on this timeframe, with immediate resistance at around $35,000.
Even with this resistance in place, we believe Bitcoin can continue and move ahead.
Please tell me, what's your take?
Thanks a lot for reading again.
Namaste.
I understand, for some people it takes longer to see "the writing on the wall".
Looking at the chart as it is now, it is becoming clear that Bitcoin is set to continue moving higher.
The volume bars are a strong indicator.
We can see the green bars being always bigger than the red bars.
We also had a very long correction followed by consolidation period.
Finally, the RSI is at its highest since mid-June.
We have prices trading above MA200 and EMA200 on this timeframe, with immediate resistance at around $35,000.
Even with this resistance in place, we believe Bitcoin can continue and move ahead.
Please tell me, what's your take?
Thanks a lot for reading again.
Namaste.
Note
Everybody can see it now... :DThis is great.
We haven't seen something like this in a while.
Enjoy.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
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(Click now & get FREE Pizza! 🍕)
Related publications
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.