Bitcoin 3D | Volume + Reversal Candle + RSI (100% to 120% Next)

Good afternoon my fellow cryptocurrency trader, let's have a look at Bitcoin on a different timeframe today.

We are looking at the 3D (3 days) chart and we have some interesting signals...

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First, notice the candle on 22-January 2022.
This is a reversal candlestick in the form of a hammer.
This candlestick has really high volume, twice above average.

After this candle Bitcoin grew by 46% in a matter of two months.
From ~$32,900 to ~$48,200.

Right now we have a similar candle printed 18-June 2022.
This is a reversal candlestick in the form of a hammer, you can see it mapped on the chart.
This one here is really high volume as well compared to previous trading days.

We also have the RSI at its lowest since November 2018.
Once Bitcoin hits oversold, invariably things turn and we see green.

After this candle Bitcoin can grow 100 to 120% in around 60 days.
That is from $17,500 to $35-$38K.

The cryptocurrency market sentiment is slowly changing...
It remains in "Extreme fear" but has gone from 7 to 13.

It doesn't matter how long consolidation takes, we are bullish on Bitcoin above $20K.

Leave us a comment.


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