👉 Higher timeframes:
➖ Bitcoin daily closed above EMA10 and looking good.
➖ Bitcoin weekly trading above EMA200
👉 Short-term update:
➖ Failed breakout is a bullish signal. Can also be called bear-trade, stop-loss hunt, etc.
➖ Trading above EMA50 = bullish.
➖ RSI & MACD bullish.
➖ Major support level holding since 17-Aug. flash rash.
👉 Conclusion:
➖ Short-term bullish bias remains strong/valid/active above the support level marked on the chart.
➖ Recent price action favors the bulls.
👉 Prediction:
➖ Bullish action to speed up after mid-September;
➖ Maximum speed late month.
Namaste.
➖ Bitcoin daily closed above EMA10 and looking good.
➖ Bitcoin weekly trading above EMA200
👉 Short-term update:
➖ Failed breakout is a bullish signal. Can also be called bear-trade, stop-loss hunt, etc.
➖ Trading above EMA50 = bullish.
➖ RSI & MACD bullish.
➖ Major support level holding since 17-Aug. flash rash.
👉 Conclusion:
➖ Short-term bullish bias remains strong/valid/active above the support level marked on the chart.
➖ Recent price action favors the bulls.
👉 Prediction:
➖ Bullish action to speed up after mid-September;
➖ Maximum speed late month.
Namaste.
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👉 lamatrades.com (Since 2017)
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👉 lamatrades.com (Since 2017)
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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.