When bull run will start in my opinion. The 4 signals!
Greetings to everyone! :)
Question that exists in the brains of all of us : When next bull run will start?
Watching back previous bull runs we have the following data:
Every break out of bearish trend, we had a retest before bulls take action.
At the moment, we have break out but we do not have retest, meaning that,
we will see at least one lower price from the current level.
ADX&DI
In each bull market, we have a cross over of green line (bullish) with red line (bearish).
This cross over did not happen yet
RSI
In each bull market we have a cross over of RSI lines. This cross over did not happen yet.
MACD
In each bull market we have MACD cross over. This cross over did not happen yet.
We set up one approximate target around 18ks for the retest of trend. Here I want to be clear.
More consolidation of bitcoin in this range of price, automatically means, we will see lower retest price.
The main is not the target here, but the area of retest where and we will see how the market will react.
Based on the previous TA, we are keeping same target area at around 18ks.
Your comments and a possible like in our TA, will be always appreciated.
I am waiting from you to discuss anything connected with cryptocurrencies and crypto industry. :)
Have everyone a nice day ahead and a wonderful weekend.
Question that exists in the brains of all of us : When next bull run will start?
Watching back previous bull runs we have the following data:
Every break out of bearish trend, we had a retest before bulls take action.
At the moment, we have break out but we do not have retest, meaning that,
we will see at least one lower price from the current level.
ADX&DI
In each bull market, we have a cross over of green line (bullish) with red line (bearish).
This cross over did not happen yet
RSI
In each bull market we have a cross over of RSI lines. This cross over did not happen yet.
MACD
In each bull market we have MACD cross over. This cross over did not happen yet.
We set up one approximate target around 18ks for the retest of trend. Here I want to be clear.
More consolidation of bitcoin in this range of price, automatically means, we will see lower retest price.
The main is not the target here, but the area of retest where and we will see how the market will react.
Based on the previous TA, we are keeping same target area at around 18ks.
Your comments and a possible like in our TA, will be always appreciated.
I am waiting from you to discuss anything connected with cryptocurrencies and crypto industry. :)
Have everyone a nice day ahead and a wonderful weekend.
Comment:
We broke below rising flag but we must pay attention because we have Fibonacci golden pocket support exactly under the break. 21,500 - 21,800 is the range of support. Waiting to see volume comes in.