BTCUSD: Breakout! bull run incoming! Crypto Bull Market is here!
BTCUSD: Next bull run incoming!
Hello traders! Following the intraday peak at 38.8k, the price entered a pullback stage. Well, the pullback is no more! Today I will explain with TA BTCUSD. Do not forget to like and subscribe!
After I predicted the reversal/pullback, I can confidently say that Bitcoin and almost all altcoins are for the big move. Here is my analysis.
1. Pullback with steadily decreasing volume, healthy
As we all know, a genuine pullback only has decreasing volume. Our pullback has that trait, verifying our consolidation. This piece of evidence is for us not to say a downtrend is here. Interpretation of this will say that the bears still recognize the uptrend.
2. MA Channel Greenline breaks indicating new bullish thrust on the move
Speaking of the consolidation, the MA Channel(MAC) broke the green line. if it holds after the next candle we are assured of a good breakout.
3. Effective Divergence Indicator in "transitional phase"
The transitional phase is what I call the part where the EffDi is reversing. The EffDi main line had a breakout in its own consolidation. The EffDi line also gives a yellow(transitional) color. The EffDi dots hit a major Dots Support and resistance. This reinforced evidence gives us warning of a bull trend incoming. For additional confirmation, we can wait for the Dots to turn green.
4. Altcoins experiencing their breakouts already. Once BTCUSD does it we have a green crypto market short-term
Altcoins like ADAUSD have already had a valid breakout. Bitcoin's turn is coming up. Get ready.
5. Fibs 0.236 and 0.382 Act as strong Support
These Fibs serve like jump boosters and will influence price movement.
6. Fun Fact and Bullish Fact: Last time there was 3 red candles in a row was on Feb. 1
The last time 3 red candles in a row happened was on February 1, pretty far from now. Very bullish, the bears hadn't persisted well.
7. Solid candle on breakout: Bullish
I will go direct here. A solid candle on breakouts tends to be strong.
These are very bullish signals. Get ready for the crypto craze.
As we have observed, Altcoins tend to move with BTCUSD regardless of %move except for some cases(e.g. recent doge pump, while BTC was dumping). Good luck crypto holders!
Do not forget to like and subscribe for more. What do you think? Tell me in the comments below! Hopefull you enjoyed reading this post. Thank you!
Hello traders! Following the intraday peak at 38.8k, the price entered a pullback stage. Well, the pullback is no more! Today I will explain with TA BTCUSD. Do not forget to like and subscribe!
After I predicted the reversal/pullback, I can confidently say that Bitcoin and almost all altcoins are for the big move. Here is my analysis.
1. Pullback with steadily decreasing volume, healthy
As we all know, a genuine pullback only has decreasing volume. Our pullback has that trait, verifying our consolidation. This piece of evidence is for us not to say a downtrend is here. Interpretation of this will say that the bears still recognize the uptrend.
2. MA Channel Greenline breaks indicating new bullish thrust on the move
Speaking of the consolidation, the MA Channel(MAC) broke the green line. if it holds after the next candle we are assured of a good breakout.
3. Effective Divergence Indicator in "transitional phase"
The transitional phase is what I call the part where the EffDi is reversing. The EffDi main line had a breakout in its own consolidation. The EffDi line also gives a yellow(transitional) color. The EffDi dots hit a major Dots Support and resistance. This reinforced evidence gives us warning of a bull trend incoming. For additional confirmation, we can wait for the Dots to turn green.
4. Altcoins experiencing their breakouts already. Once BTCUSD does it we have a green crypto market short-term
Altcoins like ADAUSD have already had a valid breakout. Bitcoin's turn is coming up. Get ready.
5. Fibs 0.236 and 0.382 Act as strong Support
These Fibs serve like jump boosters and will influence price movement.
6. Fun Fact and Bullish Fact: Last time there was 3 red candles in a row was on Feb. 1
The last time 3 red candles in a row happened was on February 1, pretty far from now. Very bullish, the bears hadn't persisted well.
7. Solid candle on breakout: Bullish
I will go direct here. A solid candle on breakouts tends to be strong.
These are very bullish signals. Get ready for the crypto craze.
As we have observed, Altcoins tend to move with BTCUSD regardless of %move except for some cases(e.g. recent doge pump, while BTC was dumping). Good luck crypto holders!
Do not forget to like and subscribe for more. What do you think? Tell me in the comments below! Hopefull you enjoyed reading this post. Thank you!