Trade_Scholar

Are We Yet To Form Support?

Short
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
Weekly Time-frame

Bitcoin pump! Is this a sign for the rally to the upside? 82% of Bitcoin short are now in loss. Is this a sign to the upside or it will trigger a dump? We don't know. What we know today the Greed and Fear index is in #24. Which is Bullish.

1D Time-frame

Daily time-frame we have reach the bottom already. We can expect more to the upside. As our Awesome Oscillator are now in bullish twin peaks. We tried breaking the thin cloud as I have mentioned in the past that it will punch through this wall of resistance.

4H Time-frame

Awesome Oscillator (AO) is Super Bullish. The long wicks needs to be filled somehow so we have more to the upside. Once we break $39,235 it will fly again to the upside.

We will discuss more on the possibility on our Live. Stay tune and check with us!

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