It looks like BTC is breaking out of the bullish flag that started in January. RSI and MACD are both looking good, however the volume pattern isn't convincing.
I'll wait for confirmation tomorrow. Thoughts?
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So far it this idea worked beautifully well, and it looks like we will get to new ATH soon. It’s above 8-day, 21-day and 50-day MA, so I remain bullish! 🚀
So far it this idea worked beautifully well, and it looks like we will get to new ATH soon. It’s above 8-day, 21-day and 50-day MA, so I remain bullish! 🚀
Alfred_Hitzkopf
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tbh macd & CCI show a too weak push upwards. Maybe price goes up a few points but I'm guessing it's the last push before major correction.
carvil_
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@Alfred_Hitzkopf, interesting, thanks for your comment. I see some weakness as well, but this could simply be a consolidation phase for the next leg up. So far, no major support have been breached, but it can change fast!
Alfred_Hitzkopf
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@carvil_, yeah the 31,400ish lvl is a hard one. Let's see what the future brings :)
@RinusVN, a very cautious prediction: MACD & CCI show a divergence in 1h chart. Right now, price tests resistance of order block from 01/29. My guess: we reached the top.
RinusVN
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@Alfred_Hitzkopf, Thanks for the fast reply. I'll keep an eye out for the drop. ;-)