BTCUSD - Bitcoin Forecast - Bitcoin Boy Bull Wonder!?
Updated
Looking towards the indicators there is a change in the momentum, in favour of the bulls, lets take a look at the 1hr chart.
The 1hr chart is speaking of bullish wonders, we can see a nice little bull flag formed, momentum show us that the bulls are regaining control and we have just ticked into the positive zone.
It is however IMPORTANT to remember that we are still in a bearish market, any buys at these prices will be attempting to call a bottom, and should be considered HIGH RISK.
The safer buy will always be once the market has confirmed that the bear trend has ended, however lower risk, lower reward.
With all that said the market is looking healthy and unless we are faced with some FUD or a Tether collapse, we should keep ticking higher until we test the top of the trend channel again.
Feel free to discuss my trade ideas with me on Discord. Safe trades.
The 1hr chart is speaking of bullish wonders, we can see a nice little bull flag formed, momentum show us that the bulls are regaining control and we have just ticked into the positive zone.
It is however IMPORTANT to remember that we are still in a bearish market, any buys at these prices will be attempting to call a bottom, and should be considered HIGH RISK.
The safer buy will always be once the market has confirmed that the bear trend has ended, however lower risk, lower reward.
With all that said the market is looking healthy and unless we are faced with some FUD or a Tether collapse, we should keep ticking higher until we test the top of the trend channel again.
Feel free to discuss my trade ideas with me on Discord. Safe trades.
Note
You can find the rest of the report here (1day chart and longer term analysis)cryptosignals.trade/forums/topic/bitcoin-btc-technical-analysis-march-2018/
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.