Can we see the formation of a bullish pivot materializing in BTC
Technical analysis regarding the price of BITCOIN in relation of dollar Tether for the next scenarios, based on daily movement.
In my view, we noticed the presence of a bullish pivot forming in the daily period. There was a significant break in this upward trend line and the price found support that "stopped" the fall.
If the price continues to move sharply upwards and loses the maximum, we will see the formation materializing and we will be facing an ATH.
Exponential Moving Averages taking parallel distance from each other.
RSI> 50, however the MACD has a strong selling mass holding the price! But that is no obstacle to the thrust of its 5th wave.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
In my view, we noticed the presence of a bullish pivot forming in the daily period. There was a significant break in this upward trend line and the price found support that "stopped" the fall.
If the price continues to move sharply upwards and loses the maximum, we will see the formation materializing and we will be facing an ATH.
Exponential Moving Averages taking parallel distance from each other.
RSI> 50, however the MACD has a strong selling mass holding the price! But that is no obstacle to the thrust of its 5th wave.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
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