majorlee

Bullish Bitcoin signs on the Monthly Chart Aug2018 [BTFD]

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Just taking a peek at the monthly look of things with BTC/USD

We can see clearly on the monthly chart bitcoin is in fact bullish

Our Blue 21EMA has NOT been broken and has seemingly bounced 3 months running from this support level

so good things for bitcoin? if bitcoin can stay ABOVE this 21EMA level we can feel more bullish on our predictions BUT its not out of the woods yet, need a strong push above 6800 and then momentum towards higher support levels in the coming weeks as August comes to an end and a new candle will be here

If this months candle does CLOSE under the 21EMA then i think we would be in a bear market on all time frames and could make for possible lower lows for bitcoin in 2018...



...so will August be the month to break or make bitcoin?

....whats in store for september?

.....will gains be made in coming months towards 20k again?

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Aug 21
Trade active:

triangle breakout imminent!

....well in sept maybe :)
Sep 25
Trade active:
Sometimes the simple and obvious are the keys to direction. Hope this is one of them!
+1 Reply
majorlee Techmology
@Techmology, yes mate, tis a good sign but still gotta keep watching and changing perspective daily
Reply
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