WHY WE ARE BULLISH:
1. First of all price is quitely moving near the strong support zone area, 46000-47000 is becoming an area of demand.
2. There is a formation of a FALLING WEDGE and it is squeezing, so we expect a good run about to come.
3. If we are looking towards VOLUME we can see the bullish divergence and it is increasing time after time.
4. RSI & STOCH are sitting at the lowest zone, also hinting towards the sky which gives a strong indication of a strong move.
5. Last but not least we can see bullish divergence on OSCILLATOR.
CONCLUSION: BITCOIN IS LOOKING BULLISH, SO WHY WON'T WE?
Good Luck!
1. First of all price is quitely moving near the strong support zone area, 46000-47000 is becoming an area of demand.
2. There is a formation of a FALLING WEDGE and it is squeezing, so we expect a good run about to come.
3. If we are looking towards VOLUME we can see the bullish divergence and it is increasing time after time.
4. RSI & STOCH are sitting at the lowest zone, also hinting towards the sky which gives a strong indication of a strong move.
5. Last but not least we can see bullish divergence on OSCILLATOR.
CONCLUSION: BITCOIN IS LOOKING BULLISH, SO WHY WON'T WE?
Good Luck!
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