This is not financial advice, just my analysis.
This post is important! I no longer see Bitcoin taking a visit back to price 3,500. Someone said something about a previous post of mine regarding Bitcoin and it made me re+think. It was something along the lines of, "I hope your prediction plays out." I thought about it today and as always I visited the charts. Upon deleting my old mark up of Bitcoin, I noticed things unnoticed to me prior to today. One: Bitcoin has made a higher low. Two: Bitcoin has a bullish engulfing candle 3: That bullish engulfing candle stick is coming up off of demand. 4: Bitcoin has formed an ascending triangle.
It looks to me Bitcoin is bullish.
This is not financial advice, just my analysis.
This post is important! I no longer see Bitcoin taking a visit back to price 3,500. Someone said something about a previous post of mine regarding Bitcoin and it made me re+think. It was something along the lines of, "I hope your prediction plays out." I thought about it today and as always I visited the charts. Upon deleting my old mark up of Bitcoin, I noticed things unnoticed to me prior to today. One: Bitcoin has made a higher low. Two: Bitcoin has a bullish engulfing candle 3: That bullish engulfing candle stick is coming up off of demand. 4: Bitcoin has formed an ascending triangle.
It looks to me Bitcoin is bullish.
This is not financial advice, just my analysis.
Comment:
I forgot to add, that the bullish engulfing candle stick was formed on the monthly timeframe.
