Bitcoin has an amazing ride, hitting market cap ATH, and slowly trying to climb to 20.000. That is pretty amazing, we see the biggest banking institutions in the world praising our favourite coin after bashing it for so many years.
Although i believe this run is fueled by Corona crysis and millenials like me investing more and the banks accepting and praising Bitcoin, we need to be focused and play all sides.
Although i do not have much data to analyze the climb, i can analyze the potential downfall.
Like in my past posts, you can see how the golden lines work, and the accuracy is incredible, close to 100%.
So what do we do?
If god forbid we break 17.400 then most likely 16.4 is in sight. We have a nice EMA crossover, and this looks like a great sign . Bitcoin also showing only higher highs and no higher lows it's extraordinary. MACD crossover happening right now for the upside. The wave trend oscillator shows a steady growth but with potential of hitting the top.
Too technical right ? But let me break that all down for you, Fibonacci Pivot levels are even, 3 sells vs 3 buys and 1 neutral. ALL MA is in the green, 9 indicators show us the buy zone, while 4 show oversold.
All in all, the data i have and fundamentals and market sentiment points UP, but in this game to be ahead to gotta play all sides.
If by anychance we break 17.4 market sentiment will change to 180 degrees, and for a good reason, hedge yourself !
Although i believe this run is fueled by Corona crysis and millenials like me investing more and the banks accepting and praising Bitcoin, we need to be focused and play all sides.
Although i do not have much data to analyze the climb, i can analyze the potential downfall.
Like in my past posts, you can see how the golden lines work, and the accuracy is incredible, close to 100%.
So what do we do?
If god forbid we break 17.400 then most likely 16.4 is in sight. We have a nice EMA crossover, and this looks like a great sign . Bitcoin also showing only higher highs and no higher lows it's extraordinary. MACD crossover happening right now for the upside. The wave trend oscillator shows a steady growth but with potential of hitting the top.
Too technical right ? But let me break that all down for you, Fibonacci Pivot levels are even, 3 sells vs 3 buys and 1 neutral. ALL MA is in the green, 9 indicators show us the buy zone, while 4 show oversold.
All in all, the data i have and fundamentals and market sentiment points UP, but in this game to be ahead to gotta play all sides.
If by anychance we break 17.4 market sentiment will change to 180 degrees, and for a good reason, hedge yourself !