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Have we found a new bullish uptrend?With EIP=1559 now successfully installed to all testnets we await the full launch of the London Fork to mainnet taking place at block 12,965,000 on August the 4th, this is long awaited update as it is part of a progressive move to POS and hence in my opinion it would be nice to see an uptrend from here, seeing the bounce today has given me hope we may have found a bullish uptrend, time will tell if I am correct, but there is nothing wrong with smoking a bit of hopium :-)
by TobesVibration
Bitcoin critical price levels / supportBitcoin has been in an uptrend on the past week, and is currently under pressure, backtesting a critical support level. It is at a critical decision point. It is in the process of forming a head and shoulders pattern. A confirmation is needed, however. A break below the neckline would put the downside target at 21k, where it would meet other support zones including the 50 week EMA and volume profile resistance. A break outside of the upper descending channel would put a price target of 41k. Not to taken as financial advice, just for entertainment purposes only
BINANCE:BTCUSD
by TraderHalai
2
BITCOIN BULLISH HEADING UP TO THE NEXT RESISTANCEBitcoin heading up to next important resistance point that is between 49k-51k. Here is why: + It will close the CME gaps at 49k + That is a 0.618 fibbonacci level of the movewave + We have strong momentum to the upside after long consolidation + Weekly candle really wants it ;) + Fear in the market will turn to the greed again, to rekt the emotional traders again + RSI bullish divergince + MACD picking up So far my Buy Zone from my previous posted idea is right, Keep that level in mind! GL
Long
by FelixKortney
UUUU update - Terrible time for shortsUpdating my chart as it seems to be followed by a few lately and has proven accurate since breakout in Nov.. We may see a quick (C) down to the confluence of support (Trend, Fib and MA) which would constitute a spike, though it may have enough buying buoyancy to be rather shallow. Once correction is complete, this week will show the beginning of a W5 up to the $8 master resistance. It may get rejected there and correct up to 50% of the current 5 wave structure. That correction will be the LAST buying opportunity in UUUU/EFR
AMEX:UUUU
by ptero1492
8
BULLISH DIVERGENCE | BTC/USDTIf we zoom out, we will be able to sell this bullish divergence. If we look at market cipher indicator, we will see that macd tells about oversold, we have green money flow(green line), yellow indicator is going to go up, green indicator is picks, it is going to tell that price is ready to go up. We should understand that news now are not really good, but I think it will end in the near future. Money is going away from exchanges, it makes supply insufficient. All this time price goes against everyone, right now we should look closely to the chart and if next week will show pivot, we will go up, but right now we have a lot of bad news which comes from air, market reacts on this very heavy, be careful.
BITSTAMP:BTCUSDLong
by MR_RR
2