BTC Trend Shifting ? and ask about your altcoin analysis
Updated
BTC / USDT
Quick summary :
190 days have passed since the BTC topping in march 2024 at 73k
Since that moment BTC was trading in downtrend with LH and LL
What we can see in chart :
finally we can start seeing serious bullish signals
1- First Higher low in 6 months
2- Triple bottom formation in RSI indicator
What I wait and expect for next ?
I think we can produce HH soon then a small final correction and after that UP ONLY
Invalidation:
Lose the current HL and continue again in LH and LL
You can ask about your fav altcoin analysis in comment section below and I will try to reply all… Ask for 1 altcoin and write complete symbol (ex: BTCUSDT)
Quick summary :
190 days have passed since the BTC topping in march 2024 at 73k
Since that moment BTC was trading in downtrend with LH and LL
What we can see in chart :
finally we can start seeing serious bullish signals
1- First Higher low in 6 months
2- Triple bottom formation in RSI indicator
What I wait and expect for next ?
I think we can produce HH soon then a small final correction and after that UP ONLY
Invalidation:
Lose the current HL and continue again in LH and LL
You can ask about your fav altcoin analysis in comment section below and I will try to reply all… Ask for 1 altcoin and write complete symbol (ex: BTCUSDT)
Note
Lets take a deep look on RSI :
Triple tops in march were enough to start the downtrend
Now, triple bottoms are enough for uptrend ?
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I think October could be a trend shifter to BULLS again
Do u agree with me ?
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Current price action is very similar to September 2023 few weeks before massive bullrun started at that time
If we hold above super guppy next few weeks will Likely start similar bullrun very soon
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BTC still consolidating here …
i want to see a new HH which will increase my confidence in buyers …i think a small dip will come sooner or later first before potential strong uptrend
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BTC & whole market is breaking out !!
Looks like the boring summer is about to end …Thats good news for crypto holders
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This is the chart of BTC.d .. i think a break down will happen soon and give others breath for going up
Looks like a good accumulation area
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This week so far the bulls have been in complete control... a few days before the monthly candle closes which is so important for watching .. stay tuned for the next analysisTrade active
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