bitcoin_is_king_

bitcoin_is_king_

The bullish and bearish trendlines as we currently stand. Bulls will tell you that we have broken the white resistance and are going sideways before a move up, citing higher lows since (90.0). Bears will tell you we are continually being rejected off the blue line, and are still in a strong downtrend on higher time-frames. PERSONALLY I tend to agree with the...

bitcoin_is_king_

This bonce off the bollinger band MA on the 1hr is very bullish, (pumping as i type! wow!) lets see where it goes!

bitcoin_is_king_ Updated 

We Have a beautiful triangle forming just after the handle on our cup and handle pattern. This also appears to be coinciding with a very tight set of RSI bands in our Bollinger Bands setup (indicating volatility is incoming). If we can manage to break out of this triangle and close a 4hr candle above ~9450 I feel we will see a revival of this run up. Haven't seen...

bitcoin_is_king_

8 Day EMA seems to be the floor for this run. This is not the first time we have seen the 8D EMA act as an upward ramp for bitcoin. We have been bullish for a few days now so this are only going to get steeper EMA-wise. Only time will tell!

bitcoin_is_king_

We have hit the dreaded 8.8k resistance level (RED ). As you can see this is old resistance that has acted as support after the 2017 rally. The good news is yet to come as we hopefully have formed local support (YELLOW). This is yet to be tested though. Hopefully we wont have to test this and will maintain at the 7,950 level (BLUE) until the bears wear out. Feel...

bitcoin_is_king_ Updated 

Just as predicted, we stayed in bull territory and after some consolidation to the 7.6k level we broke our 8k resistance. In the chart linked below, I point out various points in the past few days were we have bounced off the Bollinger MA (RED LINE IN CHART). As you may know, a bull market will show in the Bollinger bands by staying in upper RSI territory and...

bitcoin_is_king_

Bitcoin denied a death cross earlier this week on the MACD, but RSI says we are oversold at the moment. Usually BTC will go sideways when we break our upper Bollinger RSI band and provide more signals later on, hence my neutral status. Personally I am very bullish overall but we are in dicey territory. Betting on a drop to 7650-7850 before we have another leg...