If there is anybody out there still alive, it is not too late. BTCUSD has completed an excellent V bottom in it's historic fashion, complemented by record buy volume to boot.
1) The 6H chart (left) formed a clear bullish divergence from 10k -> 6.5k which is nothing short of ASTOUNDING considering price dropped ~40% and RSI still DID NOT move lower! Bears are rapidly retreating.
2) On the 6H there is also a recent Tenkan/Kijun bullish crossover, a bullish entry signal.
3) The confirmation of the reliability of this V bottom was showed on the 1D chart (right) with the recent daily close/open happening ABOVE the 200 MA AND the Ichimoku Tenkan line. The fact that it burst back through those and held long enough to close above is extremely bullish particularly considering the trending strength of the 200 daily MA.
4) Last but not least, this is the first move of the new Daily/3D which will be setting us up for a huge bullish candle by shaking out the weak hands early, strengthening upwards momentum.
Buys are set on the intraday S/R zone of 7900 and on the 6H flat Ichimoku Kijun line ~7700 which will also act as strong support.
*Entry: 7700-7900
*Stop Loss: Full Send
*Target: 10000 (will post new chart there reassessing)
Act soon or forever hold your peace,
Happy Trading!
1) The 6H chart (left) formed a clear bullish divergence from 10k -> 6.5k which is nothing short of ASTOUNDING considering price dropped ~40% and RSI still DID NOT move lower! Bears are rapidly retreating.
2) On the 6H there is also a recent Tenkan/Kijun bullish crossover, a bullish entry signal.
3) The confirmation of the reliability of this V bottom was showed on the 1D chart (right) with the recent daily close/open happening ABOVE the 200 MA AND the Ichimoku Tenkan line. The fact that it burst back through those and held long enough to close above is extremely bullish particularly considering the trending strength of the 200 daily MA.
4) Last but not least, this is the first move of the new Daily/3D which will be setting us up for a huge bullish candle by shaking out the weak hands early, strengthening upwards momentum.
Buys are set on the intraday S/R zone of 7900 and on the 6H flat Ichimoku Kijun line ~7700 which will also act as strong support.
*Entry: 7700-7900
*Stop Loss: Full Send
*Target: 10000 (will post new chart there reassessing)
Act soon or forever hold your peace,
Happy Trading!
Note
Here we go, bullish breakout past the 1H 200 MA (also 4h 50 MA) with supportive volume. Note
The storm has been weathered, two key points here:1) On the let (Daily) chart the MACD has crossed fully bullish for the first time in this bear trend in highly oversold territory, marking the beginning of a lengthy, healthy bull trend.
2) On the right (4H) the price is strongly above the bullish ichimoku cloud (also for the first time this bear trend)
Either ride your entries or pick up more from 8300-8500 and sit back and enjoy your margaritas on the beach while bitcoin makes you rich :)
Trade closed: target reached
Target N* 1 hit. Rebuying at 9k (refer to my new chart)Note
LETS GO BABY, REBUY 10K THEN SELL ON THE MOON
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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.