This is the perfect place to open longs, in my opinion.
After consolidating for almost 3 months, Bitcoin broke the resistance formed by the narrowing of the MIMAS 17 (pink) and 72 (orange) and has thrown a strong move to the weekly resistance of the $11750 area. Now, we can see that the price is resting above this resistance and the green lines PV72 and PV305 are aligned below the price giving nice support to...
Stop for now at 8200. Waiting for stronger support between MIMA 72 and the high trend line, in the range from 9100 to 8600. Initial target would be between 11200 and 11900 after confirmation of top breach. Comments and counterpoints are very welcome. Thanks!
Seems that Bitcoin got enough power on the accumulation phase to release a new wave. This time, aiming to target the 11800 - 12000 region as a local target, which is a PVPC resistance and also matches the 1.618 Fibonacci projection based on the last wave. The Santo indicator shows that the bandwidth is becoming large which means that the trend is gaining...
Once the Phicube MIMAS 144 and 305 (pointed by the red arrow) started to be displayed on the chart, the probability of the downtrend continuation increased. The Santo Indicator shows that the MIMA 34 (light blue) has enough power to hold that downtrend as well. So, I believe that the price is going to make new lows, aiming to target the $5750 area which is a...
Muitas pessoas perguntam sobre os alvos do BTC no grafico diário. Para usuários PhiCube, é bem simples. Neste exemplo, utilizo indicadores MIMACON (mima na consolidação) e MIMADUPLACOM (mima na dupla consolidação) para mostrar tanto os níveis das resistências quanto os níveis das suportes. Temos duas consolidações ativas no momento: dourada e azul marinho. Os...