WEEKLY/MONTHLY CLOSE ABOVE 10500 = BULL MARKET CONFIRMED //
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Good afternoon to everyone in the trading community,
We've recently seen a surge in markets across the globe in regards to bullish behavior in the markets. GOLD has reached new ATH , SILVER is sitting around $25 (huge potential), and if you pay attention to the crypto world you'd know BITCOIN was just listed as "money". This is what the community has been waiting years for (it might finally be happening slowly)
ETH has been showing HUGE independence apart from BITCOIN (the leader) & that should say something. The cyrpto industry is the future of finance/stocks and the more I'm learning n a day to day basis the more my perspective remains strong & bullish .
CME gaps:
#1: We have one currently at 11.8k ($500 away) - Do we reach 11.8k CME gap soon?
#2: 9600 (this is below historical resistance)
(There's many more below 9k)
Does the historical resistance get turned into historical support? OR will this just end up being a massive wick to upside to create FOMO and a false narrative before the markets crash.
I think by September 1st It'll be clear if the bull market has been confirmed,
OR
If this was one big fake out.
(All stocks are pumping - GOLD ATH , so I'm remaining bullish on BTC until the economy shows signs of it crashing - HOWEVER, maybe BTC finally decouples from the correlation between stock market and head to ATH and then the moon from there)
We've recently seen a surge in markets across the globe in regards to bullish behavior in the markets. GOLD has reached new ATH , SILVER is sitting around $25 (huge potential), and if you pay attention to the crypto world you'd know BITCOIN was just listed as "money". This is what the community has been waiting years for (it might finally be happening slowly)
ETH has been showing HUGE independence apart from BITCOIN (the leader) & that should say something. The cyrpto industry is the future of finance/stocks and the more I'm learning n a day to day basis the more my perspective remains strong & bullish .
CME gaps:
#1: We have one currently at 11.8k ($500 away) - Do we reach 11.8k CME gap soon?
#2: 9600 (this is below historical resistance)
(There's many more below 9k)
Does the historical resistance get turned into historical support? OR will this just end up being a massive wick to upside to create FOMO and a false narrative before the markets crash.
I think by September 1st It'll be clear if the bull market has been confirmed,
OR
If this was one big fake out.
(All stocks are pumping - GOLD ATH , so I'm remaining bullish on BTC until the economy shows signs of it crashing - HOWEVER, maybe BTC finally decouples from the correlation between stock market and head to ATH and then the moon from there)
Comment:
Comment:
Comment:
Comments
Hi,
Thanks for the chart.
What is the best level to buy bitcoins? What do you suggest?
Will it descend below 10k?
Thank you!
Thanks for the chart.
What is the best level to buy bitcoins? What do you suggest?
Will it descend below 10k?
Thank you!
Reply
hanks for sharing.
I was thinking BTC will top out but considering breaking 10500 (historical resistance), I suppose it would be too early to be topped out. CME gap at 11.8k, another at 9.6k. Hold 10500 and I'd expect 11500 to get pushed through to 11.8k
Thoughts?
Reply
@SlowAndSteadyTrading, Looks like we've been accumulating under 11400 in order to gain enough momentum to push through the current local top (resistance)
Reply