BitcoinLong
Short Term Bullish Option
In the very short term we have a good case for a surge in price. The last 3 days the price has generally been trending up, wicks included. The Stoch RSI is poised to cross bullishly on the daily and if that pumps to 80+ we can see some major appreciation. My major concern is the overbought weekly Stoch and Stoch RSI; along with the NVT FUD
My Narrative is that that Big Daddy Bitcoin smashed through all the SMAs, all the way to the 600 while alts have been stymied. The entire crypto market is waiting to see if alts like XRP and ETH can get over the 400. The 400 is very clear resistance on ETH, but XRP appears to be fighting thought.
My best case is that the stoch and stoch rsi cross bullishly only the daily, we blast through to the 600 MA as a target with a primary target and over performance at the blue circles; timeframe is one daily stoch rsi cycle, whatever that is.
My Narrative is that that Big Daddy Bitcoin smashed through all the SMAs, all the way to the 600 while alts have been stymied. The entire crypto market is waiting to see if alts like XRP and ETH can get over the 400. The 400 is very clear resistance on ETH, but XRP appears to be fighting thought.
My best case is that the stoch and stoch rsi cross bullishly only the daily, we blast through to the 600 MA as a target with a primary target and over performance at the blue circles; timeframe is one daily stoch rsi cycle, whatever that is.
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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.