Hi traders! BTCUSD has been a little silent, while many altcoins, most notably Binance Coin, has been exploding non-stop. Bitcoin's time has come. I will explain why, with technical analysis. Don't forget to like and subscribe for more analysis.
1. The trend is your friend until it ends: no signs of bearish reversal yet
I am sure you heard the saying. As long as there is no bearish sentiment, there is no "end". The news with Tesla using BTC as a mode of buying Tesla will keep BTC pumping until otherwise. Looking back at previous triangles, there is no reason to sell(as a trend follower).
2. Effective Divergence Indicator v2(soon to be releasing) short term length Early breakout in own consolidation
The Effective Divergence Indicator that I invented is for the early spotting of trends. The EffDi broke its own resistance which is obviously very bullish.
3. The pullback is healthy, it is not a reversal, it is a re-accumulation
The pullback is healthy because it had lesser and lesser volume, meaning that there are no signs of "distribution". Everyone is also probably thinking of pushing BTC up so that it can join the bullish altcoins. In a bullish market, even the worst coins get a boost.
This is very bullish indeed. We can wait for confirmation with the MA channel(10MA of high, 8MA of low)'s green line to be broken. Then, blastoff! Hope you get ready!
Dont forget to subscribe for more analysis.
P.S. Effdi releasing sometime in a day or two.
1. The trend is your friend until it ends: no signs of bearish reversal yet
I am sure you heard the saying. As long as there is no bearish sentiment, there is no "end". The news with Tesla using BTC as a mode of buying Tesla will keep BTC pumping until otherwise. Looking back at previous triangles, there is no reason to sell(as a trend follower).
2. Effective Divergence Indicator v2(soon to be releasing) short term length Early breakout in own consolidation
The Effective Divergence Indicator that I invented is for the early spotting of trends. The EffDi broke its own resistance which is obviously very bullish.
3. The pullback is healthy, it is not a reversal, it is a re-accumulation
The pullback is healthy because it had lesser and lesser volume, meaning that there are no signs of "distribution". Everyone is also probably thinking of pushing BTC up so that it can join the bullish altcoins. In a bullish market, even the worst coins get a boost.
This is very bullish indeed. We can wait for confirmation with the MA channel(10MA of high, 8MA of low)'s green line to be broken. Then, blastoff! Hope you get ready!
Dont forget to subscribe for more analysis.
P.S. Effdi releasing sometime in a day or two.
Comment:
The symmetrical triangle is broken already, we just need volume.
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