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AlanSantana
Nov 6, 2022 7:16 PM

Bitcoin Weekly | Seven (7) Bullish Signals Long

BINANCE:BTCUSDT1W
Bitcoin / TetherUSBinance

Description

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We can spot many bullish signals developing on the weekly Bitcoin chart.
Let's review them together.

1) Adam & Eve bottom pattern.
2) Rising trading volume.
3) Trading above EMA10.
4) Very strong RSI (above 50).
5) Higher low (Sept. vs June).
6) Bullish candlestick pattern (10-Oct. week).
7) 3 Consecutive weeks closing green (first time since Oct. 2021).

I can spot more signals... Can you?
In that case, share them with us.

Thank you for reading.

Namaste.
Trend AnalysisChart PatternsTechnical IndicatorsBitcoin (Cryptocurrency)alansantanaBTCBTCUSDTBTCUSDcryptoCryptocurrency
Comments
Ma3365
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this s intresting,,, new candle will give new direction
mazurog
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Alan we happy that you are came back. What you think about TWT, C98. I think they are bullish.
AlanSantana
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@mazurog, I see a giant ascending triangle on TWT. The chart is tricky though.
It is technically bullish but a correction can also show up any time.



C98 technicals are bearish but a reversal can happen soon.
We have a volume breakout on the weekly timeframe, last week, the highest volume in a year.

Give or take a few weeks and change can start to show up on this chart.


Remember, the charts are always changing though and this analysis is based on what I am seeing now.

I hope this answers your question.

Namaste.
troyolymia
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Allan...its time for another 6 month vacation..your idea suggest you need to rest your eyes namaste
LUC_Capital
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Welcome back, I see you are as bad as trading as you were before, well done.
SwallowPremium
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Great insight!
SadCLown
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BTC will have it's last drop until the upcoming December, and the drop might be to 12-13k level. it's not a good time to buy right now.
Mr00T
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hopepium
Nagat
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You are finally back
TrmpFan
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'1) Adam & Eve bottom pattern.'

that was a new one for me and i like it because it has a strong meaning:

-Adam & Eve in human history = the start of human settlement in planet earth
-Adam & Eve pattern in trading = the start of a new high for bitcoin

great TA sifu like always

and heres 2 other strong signals
1. on the weekly timeframe the elliott wave theory is screaming that this ''so called bear market'' was not a bear market
but a wave 4 correction and the wave 4 correction just ended

we all know what comes after the wave 4 correction, riiiight? :)

2. big banks, big news corp., big pro traders, big economic professors and the rest of the people the ALL are
screaming STILL for a bear market and a crash in the market
and usually when there is big pessimistic talk in the market then the market tends to rally

SO IF YOU SEE WHAT I SEE
FEEL AS I FEEL
then hold on to your pants because this is gonna be a hell of a ride
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