BTC – is the new uptrend in force? Looks like it is!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!
Bitcoin is not falling down significantly anymore. Such positive uptrend is organic and it lasts over a week with very nice break out from the rectangular triangle. This is really important as such shape is considered as a neutral. If we managed to break it up without any significant wow information from the market it means this is a BIG thing.

So my dear here are technical analysis details:

• Rectangular triangle defeated – great
• 3 EMAs broken (9, 21, 50)
• The next resistance to break is $6600
• One EMA (100) more to break left. This is at the level of $6680.
• If we break the next resistance at $6800 we can say we have the beginning of the trend reversal
Ichimoku Cloud – The price chart has broken the TenkanSen (red line). A long way to break KijunSen (blue line) by TenkanSen. For this we
have to wait a couple of days more.
MACD – bull’s cross observed
• Weis Waves – correction is gone and decent demand has shown up.
Chaikin Money Flow – there is a pressure on the price and it is growing.

So right now it is crucial to break $6600. If it happens we will go north. We fail we may have a correction as low as $6375.

Stay positive. Don’t panic. BE AMBASSADOR of Bitcoin and crypto.
You are the part of this and you have an influence on their perception.

Stay tuned.

Thank you for all likes and comments.
You are AWESOME.

WBM Team loves you <3<3<3

Massive Hugs!
Comment: Ichimoku Cloud
Comment: MACD & CMF & Weis Waves
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