Read on Twitter
Bitcoin will explode.
Key indicators are showing me the biggest signs that we are in for some very exciting price action.
Let me tell you what I’m seeing.
Key indicators are showing me the biggest signs that we are in for some very exciting price action.
Let me tell you what I’m seeing.
Once again, we’re seeing support for Bitcoin on relatively weak levels which is always good because it demonstrates how it doesn't take much to impress speculators.
Aggressive distribution was so quickly bought up by buyers not easily scared by this price manipulation tactic.
AND
Rejections from the all time highs are getting smaller.
First -16%
Then -9%
The intensity of the dips are weakening.
More signs that bulls are showing aggression.
Rejections from the all time highs are getting smaller.
First -16%
Then -9%
The intensity of the dips are weakening.
More signs that bulls are showing aggression.
Great confirmed test of the Ichimoku cloud on the 4 hourly time frame.
This is useful because it shows how we're confirm short term support levels AND slightly longer term support, too.
This is useful because it shows how we're confirm short term support levels AND slightly longer term support, too.
The Fibonacci retractement, which shows that we found support off the strong 0.382 level,
Because of the bounce off that strong level, I'd usually expect the price to punch through resistance pretty quick.
AS LONG AS she doesn't drop below that 0.382 level.
Because of the bounce off that strong level, I'd usually expect the price to punch through resistance pretty quick.
AS LONG AS she doesn't drop below that 0.382 level.
I am, however, cautious of the 16.2k level.
If Bitcoin were to fall this low or even further then we’d be looking at a trend reversal.
Stay just above 16.2k and we could trade sideways for a couple of weeks. Incredibly bullish.
If Bitcoin were to fall this low or even further then we’d be looking at a trend reversal.
Stay just above 16.2k and we could trade sideways for a couple of weeks. Incredibly bullish.
For more detailed analysis then click the link below.
Please show this thread some love if you found it useful or interesting.
If you only have 2s, pls "like" the thread
If you have 5s, pls RT the thread
If you have a minute, please quote tweet the thread with thoughts or feedback.
If you only have 2s, pls "like" the thread
If you have 5s, pls RT the thread
If you have a minute, please quote tweet the thread with thoughts or feedback.
