WeAreSat0shi

Bitcoins next 6 months outlook

Long
WeAreSat0shi Premium Updated   
BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Bitcoin is still clearly in the bear market and won't make it's initial big push out for 6 months most likely. This should be good news to you if you are stacker. The bears have a strong hold over price action, but as we can see on the RSI , the hold is weakening with bullish divergence forming in this underling indicator that simply determines "relative strength". If bitcoin maintains this divergence you can expect a very quick price pop up by the end of the month (seems likely) . The down trend resistance levels are color and thickness coded by strength. Each time any one is conquered, meaning a break above and stay above, our attention is then focused on the next one until all are broken and defeated.

Stronger to weaker
RED
ORANGE
GREEN
BLUE

Thanks for looking at my chart and leave a comment on what you think. My chart is educational analysis and is not to be taken as financial advice. We are all here to make money and limit our risk is the best way to do so. Contrary to the news, from what the chart is showing us... it's telling us that risk is low, the RSI has bottomed and showing signs of strength.


* Bear markets are buyers markets, Bull markets are sellers markets*

PS: The arrows are only examples

Once again... thanks,
WeAreSat0shi
Stay Blessed!
Trade active:
The Thicker red line has been very quietly penetrated. BTC actually broke through with some conviction but then quickly fell right back on top of it, this is not a bad thing as it remained above it. Next is the thinner orange line. Will January want to push above it???
Comment:
Could BTC break through the orange line of resistance in February or by the end February ??

Get ready for the bull run!!
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