BitcoinLong
Bullish signal of trend continuation
Updated
Important signs:
1) Falling wedge (need to break to confirm);
2) EMA 50 holding above 30k (bullish);
3) RSI holding above 45 level (bullish);
4) MACD going to neutral (bullish, indicates a healthy correction);
5) Institutional investors are buying the dip.
Ps: daily candle closing below U$30.000 will make me bearish, in the short term.
1) Falling wedge (need to break to confirm);
2) EMA 50 holding above 30k (bullish);
3) RSI holding above 45 level (bullish);
4) MACD going to neutral (bullish, indicates a healthy correction);
5) Institutional investors are buying the dip.
Ps: daily candle closing below U$30.000 will make me bearish, in the short term.
Note
EDIT***Daily candle closing below U$28.000 will make me bearish , in the short term (not 30k).
-> 28k = BOTTOM of the Falling Wedge
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BULLISH BREAKOUT confirmed!First target: U$44.500
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Major resistance at U$37.700.Daily candle closing above U$37.700 put us to VERY BULLISH scenario.
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Bitcoin is retesting the top of falling wedge.Now, we need to see the next daily candles, to confirm the bullish scenario.
Price holding above EMA 50 (U$33.200) is a good signal.
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Falling wedge breakout + BTC holding above EMA 50.Bullish signal.
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First target (U$44.500) is on the wayNote
Bitcoin hit the first target, now! :)
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