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This is not a financial advice and I put here only for my own record!
I am on 3hr chart of Bitcoin and that blue line is the 100 MA. You see how it has nicely played as resistance and support from 18 December 2018 to today. Currently, it is a resistance and Bitcoin is struggling to go above that blue line. I am not saying we will break it but if we go above that line and close above that line, I will be very bullish and expect to see numbers at least around $9000 - $9500. However, the RSI is descending which is not a good sign! but this is f*** Bitcoin and does not give a sh** to RSI and brothers!
I think the major market fuel these days is Litecoin halving in August. As Litecoin is taking off, I expect to see Bitcoin (and others) follow (but not as much as Litecoin definitely).
Also, pay attention to the green lines and compare the one that we are at currently with the other two, do you see the similarity as well?
In addition, $150M USDT was minted at Tether Treasury this morning (Reported by @Whale_Alret on their twitter account). Do you need more signs ;)?
Good luck
Thanks,
This is not a financial advice and I put here only for my own record!
I am on 3hr chart of Bitcoin and that blue line is the 100 MA. You see how it has nicely played as resistance and support from 18 December 2018 to today. Currently, it is a resistance and Bitcoin is struggling to go above that blue line. I am not saying we will break it but if we go above that line and close above that line, I will be very bullish and expect to see numbers at least around $9000 - $9500. However, the RSI is descending which is not a good sign! but this is f*** Bitcoin and does not give a sh** to RSI and brothers!
I think the major market fuel these days is Litecoin halving in August. As Litecoin is taking off, I expect to see Bitcoin (and others) follow (but not as much as Litecoin definitely).
Also, pay attention to the green lines and compare the one that we are at currently with the other two, do you see the similarity as well?
In addition, $150M USDT was minted at Tether Treasury this morning (Reported by @Whale_Alret on their twitter account). Do you need more signs ;)?
Good luck
