Hello friends As you can see in the picture. The uptrend of bitcoin has started. I prefer not to talk about the uptrend technical discussion because it is clear in the image But the news of the weakening dollar in the United States with the large print of the dollar, as well as the reference of the world's banks to bitcoin and several other news such as the growth of bitcoin promises. Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
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Thanks for sharing!
I’m bearish for the short-term, daily RSI at key resistance, 4hr RSI is forming a bearish divergence, 1hr RSI entering bearish trend. The 5 Elliot wave to the upside is finishing. I think regardless of a bearish or bullish bias for the mid-term, a downward pressure is due soon.
What do you think of the setup below?
vahidzamani67
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@Phi-Deltalytics, I know the benefit of the bitcoin news for the bitcoin value. That the digital currency in Washington is approved as a money. Also, the amount of bitcoin supply from the miners and the demand will increase the value of the bitcoin value. Maybe at a short time, the price growth will stop, but ultimately the price growth is definite
Phi-Deltalytics
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@vahidzamani67, I totally agree with the long-term potential. We are just after the miner capitulation phase, and Grayscale has seen the most institutional investor interest in Q2 since inception. All fundamentally bullish signs. However, do think we need to retrace to 8k first though. We've not even retraced Fib 0.382 at this point.
I’m bearish for the short-term, daily RSI at key resistance, 4hr RSI is forming a bearish divergence, 1hr RSI entering bearish trend. The 5 Elliot wave to the upside is finishing. I think regardless of a bearish or bullish bias for the mid-term, a downward pressure is due soon.
What do you think of the setup below?