BitcoinLong
Bitcoin: Congrats to patient bulls! Welcome to the bull rally!:)
Please first see my two last posts (see the related ideas below) if you have not already checked them. There, I first suggested for a possible bull movement for BTC (at ~32770$), and then confirmed it at about 33400$. The idea was based on a repeating pattern in RSI, which fortunately happened again. That's so simple! :)
You can see that after breakout of the RSI downtrend, it was just retested in times, but never broken to the down later. For now, regarding the aggressive behavior of the RSI, and also the important event of breaking a main price downtrend (needs confirmation!), I see it still bullish, and have drawn the possible path towards previous ATH.
I do not advice to long it here, before seeing more confirmations, but if you have longed it before, I advice you to keep it and let our long journey continue its path till we see a bad sign in the road!
Please be very careful and do all of risk management and your analyses before getting a position!
And also please do not forget to click the 'like' button and write your comments if you find this idea useful. I will appreciate them very much!
Have high profits and good luck dears! :)
You can see that after breakout of the RSI downtrend, it was just retested in times, but never broken to the down later. For now, regarding the aggressive behavior of the RSI, and also the important event of breaking a main price downtrend (needs confirmation!), I see it still bullish, and have drawn the possible path towards previous ATH.
I do not advice to long it here, before seeing more confirmations, but if you have longed it before, I advice you to keep it and let our long journey continue its path till we see a bad sign in the road!
Please be very careful and do all of risk management and your analyses before getting a position!
And also please do not forget to click the 'like' button and write your comments if you find this idea useful. I will appreciate them very much!
Have high profits and good luck dears! :)
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