ChartArt
Long

Bitcoin multi-week uptrend is going to be confirmed by Wednesday

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
There will be a battle over the weekend in this area. Bulls have currently more power, they got the price out of the deepest downtrend risk yesterday and then back into a new uptrend potential. All indicators like MACD , StochRSI are showing bullish signals. The only downside risk is getting too high too fast (or not at all). Breaking the pink line seems to be key to fully confirm the upside. Don't overplay the judgement day in May.

I'm expecting this bullish scenario since 11 days ago as you can see in my related ideas.

P.S.

Zoomed out chart version

Zoomed in chart version
Which day is the judgement day?
Reply
ChartArt rbower
Today, Friday. Because the uptrend is still new and bears have still a chance to bring the price down again and thereby stop the uptrend. Which I hope won't happen.
Reply
WenpingGuo ChartArt
I believe it will :)
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