AlanSantana

πŸ…±οΈ Volatility Explained, Binance Doom, Bulls Winning & More

Long
INDEX:BTCUSD   Bitcoin
The fact that Bitcoins volatility has increased is a positive sign, we are out of the consolidation/stagnation phase.

Now, where we go next from here can be argued; Bears will say down, Bulls will say up... But what about the charts?

  • BTCUSD trading above its 27-March low is a strong bullish signal.
  • The strong recovery 6-June tells us that the bulls are ready to buy everything the bears have to sell.
  • The recent bullish divergence on the RSI is also telling;
  • Volume is going in favor of the bulls.
  • We have the iH&S pattern on the RSI:

And even after the biggest scammy CEX being hit, Bitcoin is trading at almost 27K.

Short-term moves and prices swings are just noise...
We should see Bitcoin back growing by the half of this month.

Note: This analysis is invalidated if Bitcoin moves and closes below the 6-June low. If this happens, refer back to the following analysis (Above $25,000 Bitcoin continues ULTRA-STRONG)

πŸ…±οΈ Bitcoin, The Stock Market (SPX, NDX, DJI), USDT.D & Altcoins

πŸ…±οΈ Bitcoin Bulls Confirmed All Timeframes -Daily Weekly Monthly

Leave your comments with your opinions and questions.

Binance had it coming, the market is too centralized, this is a positive and will help make Bitcoin stronger, don't you agree?

Namaste.

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