I am long BTC/COINBASE all in.
Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks!
The reason this is bearish:
The rising wedge had a bearish breakout as plotted
The $37,500 has been mild support on this breakout
More fud has been coming out against BTC/Crypto
The death cross has recently happened...
Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks!
The reason this is still bullish:
We had a golden cross plotted
We are still in the rising wedge
We bounced off the wedge and closed above $39k indicating a reversal
We have a mild support around $38,600 were we consolidated around couple hours
...
The reason this is bullish:
The 50 MA crossed the 200 MA signaling a 'Golden Cross'
You can see the bullish wedge forming
$41,000 was tested today but short lived
$39,500 - $40,000 has been consolidation for the past few days
Down trend can happen to the $38,800 area but can bounce back to $42,000 area
RSI is looking healthy around the 50 range in...
Hello Everyone!
First time posting here. I just started a long position with BITCOIN, basically all in. So I decided to do some technical charts and showcase why I think Bitcoin is setting up nicely. Currently $41,000 is a pretty big wall to break, $42,500 may be even harder. Once we can break these levels I think we are in a good zone to rip to 50k -> 65k again.
