From a technical standpoint, most boxes have been checked! Long

Bitcoin all time history indexINDEX

Description

⋅ Oct 13, 2022 6:46 PM

- Exited a year-long bullish wedge - check
- Formed another short-term bullish wedge - check
- Retested Support Zone -check
- Retested Critical Support -check
- Retested 18,140 Support - check

Everything I have been looking to check from a technical standpoint has been completed. Our critical support has held once again! I am very happy with the way the technicals are playing out here.

Comments

Solldy

⋅ Oct 14, 2022 10:26 AM

Thanks for sharing your view of technical analysis) I look forward to more analysis of this asset!

SwallowPremium

⋅ Oct 13, 2022 9:50 PM

Thank you for sharing your analysis!!

stewdamus

⋅ Oct 13, 2022 10:45 PM

@SwallowPremium, Thank you for taking the time to show your appreciation.

LA_Designer

⋅ Oct 13, 2022 7:16 PM

Weekly bullish divergence - check

stewdamus

⋅ Oct 13, 2022 7:18 PM

@LA_Designer, Nice!

LA_Designer

⋅ Oct 13, 2022 7:20 PM

@stewdamus, Also, DXY on the weekly is looking bearish at the moment.

stewdamus

⋅ Oct 13, 2022 7:22 PM

@LA_Designer, for sure. Vix bearish. US500 looks to be forming a double-bottom. And Regional Banks are insanely hot! The big inside indicator for me this weeks. They know something.

LA_Designer

⋅ Oct 13, 2022 7:28 PM

@stewdamus, Yep. VIX possible double top on the daily with bearish divergence. I always say, expect the unexpected :-)