Bitcoin managed to break an almost 3 month downtrend triangle.. What can we do with that?
Most are saying that everything right now is ''Big Manipulation'' or Bulls trying their last push.. But in reality we are really bullish at the current moment let's me explain why:
On 4h:
- Above MA200;
- Macd flipped Bullish and is over 0;
- Broke out of a Downtrend Channel;
On 1d:
- Broke out of a Downtrend Triangle;
- Perfect rejection of the trend at 7 110;
- MA's are working like a magnet up;
- Macd & Rsi have alot of space to move up;
So what do i expect from here?
I took a long around 7 120 and my targets are:
On Short term: 7 600.
On Mid-term: 8 600.
Thank you for reading and if you have questions feel free to join me in my private group chat! (Link is in my signature)
Most are saying that everything right now is ''Big Manipulation'' or Bulls trying their last push.. But in reality we are really bullish at the current moment let's me explain why:
On 4h:
- Above MA200;
- Macd flipped Bullish and is over 0;
- Broke out of a Downtrend Channel;
On 1d:
- Broke out of a Downtrend Triangle;
- Perfect rejection of the trend at 7 110;
- MA's are working like a magnet up;
- Macd & Rsi have alot of space to move up;
So what do i expect from here?
I took a long around 7 120 and my targets are:
On Short term: 7 600.
On Mid-term: 8 600.
Thank you for reading and if you have questions feel free to join me in my private group chat! (Link is in my signature)