Babenski

BTC more bullish signs

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC / USD
we can see how the bulls are still strong and still have the upper hand here

We can see good signs like :
1– 50D MA restored again (great sign)
2– Weekly Support at 50k hold
3– Yellow trendline support restored
4– Price consolidate inside weekly resistance
5– good weekly candle closure
6– BTC Dominance lost important Support

All theses signs will support the price and overall altcoins market and i expect a retest for 60k resistance zone in this week


My hope is the bulls continue to show their strength and hold above next resistance 58-60k

Summary:
Good as long as holding 55k
Super bullish after break & hold above 60k
Bearish if lost 52-50k

Good luck


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Comments

The summary, pretty nice.

$55,000 is also my main support.

Thanks for sharing.
350 coins
+1 Reply
@AlanSantana really appreciate your comment 🙏 hope Support hold
Reply
Babenski AlanSantana
@AlanSantana, Thanks for support
Reply
Yea I like to see some more development to confirm :) thank you
+1 Reply
@jojofang0901 yea lets see how it goes in near future
Reply
Your missing volume in your analysis, which has been fading since recovering. Often a sign of reversal
+1 Reply
great work
+1 Reply
When the day's candlestick changes into a shooting star and you see eth's looming sell off...
+1 Reply
@apsnt as a trader you should adjust with market ...if serious change in market we will update
+1 Reply
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