-Here I will simply be playing the 26-day (red) bounce
-Price respected the 26-day and it bounced now this can hit PT.1 and bounce back to take profits accordingly
-My entry will be when price continues its trend in bouncing then I will hold until I hit my targets
This is super bullish for DOT... this is the first time the 21 EMA has crossed above the 34 EMA and is showing that funds and moneyflow is coming into DOT.... Next up will be the 21 crossing above the 55 EMA.
DOT has officially bottomed and is on a bullish trend towards the 200 Day SMA. You can see that the flag formation I drew a while ago has completed and I'm more confident the bottom of the entire wave 4 pullback in BTC is over.
DOT will head higher from here as the institutional interest is large and it already has smart contracts running on Shiden Network.
The...
This is a change from their policy which banned it in March 2018. Starting on August 3rd, 2021 Google will allow exchanges and wallets to advertise crypto and crypto products.
This is a major turning point of the market imo - the number of people who will now casually see ads that never did before will be an order of magnitude higher.
Link to verify - straight...
According to its quarterly report the company's Net income jumped 101% in the second quarter
The company posted revenue of $29.1 billion in the quarter – well above forecasts. However, the company warns of a significant slowdown in the growth rate of revenue in the second half.
The dramatic increase in Facebook revenue is particularly due to the change in the...
RSI could break the downtrend line here like it did on July 25th for a 16% pump that lasted several hours. Watch for a 1H candle close above the downtrend line and a break of the ascending triangle pattern to the upside.
NFA / DYOR
This Bullish Ascending Triangle has a much higher chance of breaking to upside now that we have discovered a necessary condition.
It sounds counter-intuitive but if a bullish ascending triangle has Bearish Divergence on RSI, it's much more likely to break to upside... we currently have Bearish Divergence on 1H and 2H
Considering the Fundamental news is...
BTC just made a higher high on nearly every timeframe (30M, 1H, 2H, 4H, 6H) and has pierced an important level and closed a 4H candle above it - the $40,500 level.
This tells me we are heading higher after a brief pause and will slice through the resistance zone box where institutions & Market Makers previously had their "protected buy" areas set.
The fact a 4H...
BTC is currently in a Bullish Pennant and a breakout here would have an upside target of $46k if it breaks out to upside successfully.
There are some key catalysts atm as Powell is giving a speech that is largely dovish at this very moment and could help BTC break out to upside of this current formation.
We just closed a 1H Bullish Engulfing candle with high...
Biden just announced 5 mins ago that the Infrastructure Bill has bipartisan support and will pass a vote on House floor today. This means that trillions of capital have just been unlocked and this means the money has to be printed out of thin air - this is real velocity of money - expect the DXY to continue its trend lower and BTC to trend higher and likely test...
It's clear that BTC is headed higher but how much higher? With the onset of all the signs on the wall that Powell will assuredly delay tapering bond purchases which were originally supposed to occur sometime in 1H 2022, the macro thematic picture couldn't get more bullish for BTC ... all the while the SP500 is headed to 4600 by year end and the inflation combo are...
