Daily Chart - Bitcoin is forming a huge wedge.. and what looks like a triple bottom as the Bears have not been able to push price under $6300 if you look at the squeeze indicator it is starting to fire up again....look what it does every time it fires up like it is doing right now. i have marked these locations with small squares at the bottom indicator. its rabge is also starting to shorten ans squeeze in between the 7000-8600 area . overall market-cap at 340 billion holding steady currently at exactly $343,289,144,267 with bitcoin dominance @ 38%
If we go to the
4HR chart - Ichimoku indicates strong momentum gong up and a bear cloud going into a bull cloud rapidly.
BItcoin is going up even if its for a short time but buy low sell high is the name of the game so buy now sell later if you wish =D
A huge wedge doesn’t mean it’ll travel up, it has an equal chance of slumping down. It barely touched 7k this time and so fully expecting prices to at least breach this and hit 6k minimum. Every retracement down we need to re test the higher resistance levels ie we’ve touched 7.7k more than once now but failed. Personally still in a huge bearish downtrend and until a new bottom forms we are from sky rocketing.