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BoSukas
Aug 20, 2020 12:32 PM

Bitcoin:Don't get. bearish, just yet... Long

Bitcoin / TetherUSBinance

Description

TA:
Strong Upward trendline, that has led to successive higher highs as seen on the chart.
Dumps are usually aggressive as we can see, but they are picked up relatively fast, which is a good sign
Balance of power showing bullish formation

FA:
Dump this week probably caused by DXY pull back.

-Stay safe and manage risk accordingly (Megalodon)

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CRYPTOCAP:BTCBITSTAMP:BTCUSDBINANCE:BTCUSDT
Comments
John_Moree
Good work
LEMONBLAQ
Good job. trend line maintain for now, that's correct. i think is about to be broken. lets see how the bulls hold through this week.
Nihal284455
Good explanation
Aaric201
I agree with your opinion.But I think it's too late for entry.
TD-LiveAnalysis
Indicator looks to be in line with price action, it's good analysis. Good luck.
Gorge_patison
Nice analysis
Phi-Deltalytics
Thanks for sharing!
ProjectSyndicate
nailed it. excellent overview and write-up.
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