"A pattern occurs in the chart of a security/asset/coin when a large white/green fully engulfs the smaller black/red from the period before. This pattern usually occurs during a down trend and is thought to signal the beginning of a "
Bitcoin bears tried to breakdown the ~$5800 price level many times but with no success. Afterwards, we got this formation, which is a signal. We also have very strong on the as well as a crossover.
I will be sharing more details soon, but expect some additional positive movement from Bitcoin in the days to follow.
My "ideas" are always based on the long term view of Bitcoin , as I don't mind the short term and I am called the Eternal Bitcoin Bull... Because I love Bitcoin . :)
Thanks a lot for reading, and expect more from me very soon.
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With lots of love... I LOVE YOU...
We are now above EMA100 on the 4h chart. We haven't traded above this line, strong blue, since early May.
- The MACD has also entered the bullish. The bulls only need to maintain their position and add a little more momentum and we will continue our climb up.
Here is the chart:
Please allow time for this to happen and we will see where we are at on Monday.
Still, it is good to see a positive weekend for a change and some bullish momentum hitting the market.
We definitely want more...
Weekly and monthly chart are strong bearish we will bearish market at least until 2019 summer, the only good call is short, short when you see a big green candle, when the RSI in 1 hours timeframe reach out 70, open a short and close it when RSI reach out 30.
Please don't post this kind of TA because your followers can to loss a lot of money..
If somebody read this think about it:
- MACD in monthly chart crossed down.
- RSI in the weekly chart in falling and not reach oversold level yet
- Daily chart is bellow the Ichimoku cloud.
- We broke the main trends at 7k.
- Nobody with big capital is trading bitcoin right now cause they know that 3k level will be reach out soon or later.
- If you see that "the pump" started and finished at the same time in all exchange considerer this signal as smart move to close short position.
- Think about market circle, this month — june — the bear market started. Do you really think that bear season will be finish just in a month?
Bitcoin was 2 years in bull market, it time to bear one, and don't worry about that is a good opportunity to plus satoshis in your bag. Just short after a big green candle.
My view is long term. Short term we are moving up, mid term it can go down but then still bounce up and long term we are going up... In my opinion... In the end, it is for the market to decide where Bitcoin will go. And that my friend, is the big question mark.
If you, or I, or anyone could know for sure... Then this whole Trading View thing would be a complete waste of time as we would all just follow your accurate non failing prediction and go by that rather than trying to figure out what the charts are saying.
I appreciate your comment and you taking the time to share your point of view with us.
My trade idea, is my point of view...
Have a nice day bro, a hug for you.
Most of the move up was from shorts that got hit. Too many people were shorting yesterday after it dropped to $5900. So the squeeze was inevitable.