As I showed in other predictions but in smaller time frame, this chart points the same.
Bitcoin has touced the bottom.
History do repeat itself, this market is cyclic.
Chart indicates that now is the time to buy Bitcoin.
I would be careful with opening long positions, because there could be some manipulation and price rejection with just that reason. To liquidate all the longs opened.
But after a few days the new trend will be very clear to see, and that would be uptrend.
In meanwhile I was trading some Altcoins to collect more Bitcoin (BAT & NWC). Correlation between them was just great to grab.
In the end of the week it will be clear if history will repeat once again. Odds are great. Risk - reward too.
Wish you all the best entry points.
regards
Bitcoin has touced the bottom.
History do repeat itself, this market is cyclic.
Chart indicates that now is the time to buy Bitcoin.
I would be careful with opening long positions, because there could be some manipulation and price rejection with just that reason. To liquidate all the longs opened.
But after a few days the new trend will be very clear to see, and that would be uptrend.
In meanwhile I was trading some Altcoins to collect more Bitcoin (BAT & NWC). Correlation between them was just great to grab.
In the end of the week it will be clear if history will repeat once again. Odds are great. Risk - reward too.
Wish you all the best entry points.
regards
Comment:
Closer view on weekly (zoomed in)
Comment:
And a closer view on daily (zoomed in)
Comment:
Bitcoin returned into the channel which was valid for 9 years straight.
If it holds, that is gonna be very bullish sign.
If it holds, that is gonna be very bullish sign.