Hi Guys!
After a long break from posting, back with some bullish analysis today.
As we see on this 3 D chart on Bitstamp, BTC is in a bullish posture now.
If we break 12400 $ then I see no problem of breaking 13,8 k as all indicators such as RSI & Stoch have cooled down on the higher time frames. 1 D is turning up again and going from oversold to neutral and has enough room to run.
3 D and 1 W can stay overbought for a very long time in such parabolic phases.
Let us see what the market brings us this week. I see a lot of fireworks on the weekend!
Happy and safe trading!
Always place stop-loss and don't forget to take profits!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
After a long break from posting, back with some bullish analysis today.
As we see on this 3 D chart on Bitstamp, BTC is in a bullish posture now.
If we break 12400 $ then I see no problem of breaking 13,8 k as all indicators such as RSI & Stoch have cooled down on the higher time frames. 1 D is turning up again and going from oversold to neutral and has enough room to run.
3 D and 1 W can stay overbought for a very long time in such parabolic phases.
Let us see what the market brings us this week. I see a lot of fireworks on the weekend!
Happy and safe trading!
Always place stop-loss and don't forget to take profits!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
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.
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.