AlanSantana

πŸ…±οΈ Bitcoin Renko | Daily Timeframe, Buy Signal

Long
BITFINEX:BTCUSD   Bitcoin
The Renko chart for Bitcoin (BTCUSD) on the daily timeframe gave the first buy signal after hitting support on 10-Nov.

This signal was negated 21-Nov. and on the 30-Nov. and 13-Dec. two additional buy signals... Just to be negated again 19-Dec. but this time within a higher low.

It's been a while since we read the Renko chart, we forgot completely about it but look at this...

On the 11-Jan. came in another buy signal as BTCUSD moved above EMA10 daily and it continues green.

No more sell signals.
No more negations.

A new green brick is in the process of being placed.
Renko continues bullish as long as no red bricks are placed.

Bitcoin is bullish on the daily Renko chart.
The weekly is still red though.

Thank you for reading.

Namaste.

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