Bitcoin Bullish: Phoenix Asc + BBands🐮

CryptoCheck- Premium Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi Traders, Investors and Speculators of the Charts 📈📉

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.

With a three point analysis today, Bitcoin seems bullish from all perspectives. From a trendline analysis, it seems likely for a weekly close above the immediate resistance zone . From a candlestick analysis, we see a strong week for bulls. Furthermore if we take a look at the Bollinger Bands , we see weekly candle closes way above the basis of the BBands, which indicates a bullish market. And for a final conclusion, we take a look t my favorite technical indicator - the Phoenix Ascending. PA is really a great TA indicator because it contains the RSI , EMA , Momentum and the LSMA (which are all pointing to bullish pressure).

Even IF we see consolidation UNDER this zone, in other words sideways trading in a tight range right underneath the turquoise resistance zone , that would still be considered a bullish sing since it indicates that bulls are weakening the resistance zone .


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Weekend looking bullish for BTC. Expecting Alts to rally when BTC takes a breather.


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