Hello my friends! BTC is here:
<-----Straight to the CHART!----->
Guys I think BTCUSD has finally opened the road for a bullish trend. I can see a clear indication of that. Take a look at the RSI - It is rushing upwards! Look at MACD - both lines converged. Finally, look at the Aroon indicator - Aroon UP is above Aroon Down which is a strong indication of an upward momentum. All of these 3 indicators (RSI,MACD,Aroon) are signalling ---> the BULL is coming! Moreover, take a closer look at the chart and you will see that BTCUSD confirmed the support level ("Support 2" on the chart) which is lying on a Fibonacci 23.6% retrace. Notice that BTCUSD didn't fall below $9437 (Support 2) - It decided to make a reversal and eventually bounced off of this level. I think it has just entered into a bullish trend up to $11700 (Resistance 1,2,3 on the chart). The breakout of the 38.2% Fib.retrace would be a strong signal to BUY - I think this will happen very soon. Fasten your seatbelts, the plane takes off!
Please REMEMBER that I give you my observations, you form your own opinion and trade it accordingly!
Please NEVER forget to do your own research before considering any investment. Fundamental analysis is also crucial so you have to read the news, updates and about the upcoming events related to a particular blockchain project.
Hope you will find my analysis useful! Stay safe ----> Hedge ----> Diversify ----> Be cautious! - Together we will beat the market!
<-----Straight to the CHART!----->
Guys I think BTCUSD has finally opened the road for a bullish trend. I can see a clear indication of that. Take a look at the RSI - It is rushing upwards! Look at MACD - both lines converged. Finally, look at the Aroon indicator - Aroon UP is above Aroon Down which is a strong indication of an upward momentum. All of these 3 indicators (RSI,MACD,Aroon) are signalling ---> the BULL is coming! Moreover, take a closer look at the chart and you will see that BTCUSD confirmed the support level ("Support 2" on the chart) which is lying on a Fibonacci 23.6% retrace. Notice that BTCUSD didn't fall below $9437 (Support 2) - It decided to make a reversal and eventually bounced off of this level. I think it has just entered into a bullish trend up to $11700 (Resistance 1,2,3 on the chart). The breakout of the 38.2% Fib.retrace would be a strong signal to BUY - I think this will happen very soon. Fasten your seatbelts, the plane takes off!
Please REMEMBER that I give you my observations, you form your own opinion and trade it accordingly!
Please NEVER forget to do your own research before considering any investment. Fundamental analysis is also crucial so you have to read the news, updates and about the upcoming events related to a particular blockchain project.
Hope you will find my analysis useful! Stay safe ----> Hedge ----> Diversify ----> Be cautious! - Together we will beat the market!
Comment:
Looks like we are heading towards the next resistance level!
Comment:
Attention, very close to 38.2% retrace
Comment:
As I expected