a break of descending bear channel downtrend suggests move higher to overhead resistance at 29.00 Stochastics divergence on recent low suggests $gold minders ETF should move higher
Hello Traders! Late but an update on Bitcoin! Times ticking break outs coming… Points to consider - Trend is technically putting in higher lows - Bull impulses getting smaller, Breakout Imminent - Volume rapidly declining - RSI neutral - Stochastics neutral - EMA’s neutral - Still no trade till breakout Bitcoin really is on the verge of a breakout as all...
- Breakout of the channel on the H1 showing price structure being taken out and supporting this bullish sentiment. - Bullish divergence on the H4 using stochastics implying the bearish momentum coming to a halt and that we are in the mist of seeing a reversal after testing the lows of 1.1450. - Clear rejection of the weekly support level on the D1 with a long...