BITCOIN consolidating and preparing for next impulse move up?
It seems that BITCOIN has been consolidating and is possibly on the last leg of the consolidating move and in my opinion will continue with the current bullish trend for another round of impulse waves going LONG.
Although the Ketchup and Mustard EMAs show possible crossing which would suggest a potential continued consolidation move downwards, the Water and Blueberry EMAs are still below price action and on course with price action bouncing off the Water EMA for the next upward move. RSI within the lower band of the TDI shows a possible slight move down before and impulse up, or the TDI bands could continue downwards a little more for a wave C before the next round of impulse waves on an upward trend.
Fundamentals also suggest no hint of slowing down, multiple organisations are joining the bitcoin frenzy which gives even more credibility of market sentiment and positive connotations to the bitcoin phenomena.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Although the Ketchup and Mustard EMAs show possible crossing which would suggest a potential continued consolidation move downwards, the Water and Blueberry EMAs are still below price action and on course with price action bouncing off the Water EMA for the next upward move. RSI within the lower band of the TDI shows a possible slight move down before and impulse up, or the TDI bands could continue downwards a little more for a wave C before the next round of impulse waves on an upward trend.
Fundamentals also suggest no hint of slowing down, multiple organisations are joining the bitcoin frenzy which gives even more credibility of market sentiment and positive connotations to the bitcoin phenomena.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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