BTCUSD a good reaction from accumulation zone Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Feb 11, 2023 7:13 PM

#BTCUSD chart update

a bullish engulfing candle from accumulation zone
it is a bullish signal but i think it is not an uptrend market yet .
we must break EMA 50 ( monthly and weekly timeframe ) and the last lower high at 25k

Comments

CyberExploit

⋅ Feb 11, 2023 7:44 PM

Definitely. In all other bear markets BTC went down 84%. That would be around 12k $ for this cycle.

fcbadidos

⋅ Jul 18, 2023 7:13 PM

Spot on with this chart. Do you see the local top being at the end of your arrow or do you expect higher? Would love an update here if you can.

cherif100

⋅ Jul 18, 2023 7:18 PM

@fcbadidos, we still do not know it will continue going up after reaching 45k or no

lets wait to reach it first and analyze the wave , everything is possible it may continue to 65 k if 45k resistance did not hold

SwallowPremium

⋅ Feb 12, 2023 7:49 PM

Mate, it’s a strong outcome. Keep posting!