Hey, I am back with Another Technical Analysis, this time looking again at Grand Bitcoin.
Every knows what Bitcoin is so I guess I dont have to explain.
Straight to the Point - Taking look at the chart.
Bitcoin has seen breakout from bullish channel in 24. november from 8,000 to 20,000 dollars. The correction was needed, so Bitcoin headed to a Bearish channel and have stayed there for some time, now Bitcoin has broken the bearish trend and channel.
For now Bitcoin has stable growment in past 4 weeks, which is great bullish sign.
Bitcoin has tested support of 6,500 eight times, and the bears couldnt push the price lower which led into huge green candle.
Currently is sitting in a bullish channel that that can Bitcoins price to the old channel.
Taking look at Indicators.
They seem very clear in my opinion
RSI - I ve made some circles, green ones shows bullish zones, red ones bearish currently Bitcoins need to bounce of that level.
MACD - Long ang clear Uptrend in terms of buyers, Bitcoin beenly fast less oversold.
Hope I made your view on whats going on with Bitcoin somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Every knows what Bitcoin is so I guess I dont have to explain.
Straight to the Point - Taking look at the chart.
Bitcoin has seen breakout from bullish channel in 24. november from 8,000 to 20,000 dollars. The correction was needed, so Bitcoin headed to a Bearish channel and have stayed there for some time, now Bitcoin has broken the bearish trend and channel.
For now Bitcoin has stable growment in past 4 weeks, which is great bullish sign.
Bitcoin has tested support of 6,500 eight times, and the bears couldnt push the price lower which led into huge green candle.
Currently is sitting in a bullish channel that that can Bitcoins price to the old channel.
Taking look at Indicators.
They seem very clear in my opinion
RSI - I ve made some circles, green ones shows bullish zones, red ones bearish currently Bitcoins need to bounce of that level.
MACD - Long ang clear Uptrend in terms of buyers, Bitcoin beenly fast less oversold.
Hope I made your view on whats going on with Bitcoin somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Comment:
Bitcoin playing tight battle as before. It would be ideal for macd bullish contitunation following trend as it can now curve and give buy signal.
Comment:
Following MACD trend, staying in the bullish channel, rsi needs to cross 51 Level.
Comment:
Possible double bottom reversal.
