POLONIEX:BTCUSDT   Bitcoin / Tether USD
Here’s a daily BTC chart. As you can see, i draw two big boxes, a red one and a green one. They represent where the direction towards which BTC should go and should NOT go in order to have a bullish/bearish market. In other words, the moment BTC breaks the red box, we can be sure that we are in a BULLISH market, if it goes below the green box, we are still in a BEARISH one.
All the sideways movements inside the two boxes cannot tell us in which market we are. Even strong bullish signals could just be FAKE.

Today BTC is forming a DRAGONFLY DOJI/HAMMER, both are strong bullish signals. But, of course, we need a confirmation in the next 1-2 candles.

The blue line is a convergence line, and the green lines are possible targets in case of an uptrend.

Generally, BB, CCI and RSI pattern can confirm that an uptrend CAN happen. In this case, we will see a crossing in the MACD pattern.

Trade with your brain

Brainsignals Team
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