Hi guys
If you look carefully at the bitcoin chart, you will see the bullish context signals.
I wanna tell you the reasons by RTM Method.
First of all, we had a strong resistance of around 25200 that was broken on 14 march 2023 (point of ENG) and after that the price Failed to return to its downtrend and a bullish FTR is made.
This zone is from the low to close level of a bearish candle (23900 to 24800)
Second, the price rejected from the 31k but it shows us a compression. this compression tell us that sell orders is filled and price is ready to jump up.
Third, the price shows us a reversal pattern when just make a kiss on that FTR zone.
If everything goes well and fundamental parameters doesn't change, the price will start an amazing uptrend.
Sincerely,
Hosein Poursaei
If you look carefully at the bitcoin chart, you will see the bullish context signals.
I wanna tell you the reasons by RTM Method.
First of all, we had a strong resistance of around 25200 that was broken on 14 march 2023 (point of ENG) and after that the price Failed to return to its downtrend and a bullish FTR is made.
This zone is from the low to close level of a bearish candle (23900 to 24800)
Second, the price rejected from the 31k but it shows us a compression. this compression tell us that sell orders is filled and price is ready to jump up.
Third, the price shows us a reversal pattern when just make a kiss on that FTR zone.
If everything goes well and fundamental parameters doesn't change, the price will start an amazing uptrend.
Sincerely,
Hosein Poursaei