BTC – some positve news. All indicators say BUY
Updated
Hi Traders!
We hope you are doing well.
Seems like BTC is getting better. After many bad words from the prominent people from finance, BTC not only didn’t go down but also managed to grow up a bit.
Taking into account the fact that major cryptos are sluggish we may think many investors sold their coins in favour of BTC.
Let’s look at the chart.
We have a couple of bounce offs with the latest reaching $7800. Still solid growth as we can see on the Gann Fan. Much over 1/1 level which is very good and solid sign.
Moreover demand is growing on Weis Wave and no supply on the horizon.
When using Ichimoku Cloud Indicator we can see clearly we are above the cloud and also chart has crossed Tenkan-Sen (red line) and Tenkan-Sen crossed Kijun-Sen (blue line). This is very strong and safe signal to BUY. Let’s keep an eye on this indicator as it provides rally safe trading.
MACD – we observed positive convergence. We can also distinguish that uptrend is getting stronger.
We measured their trend – look at first 3 dips. When linked, they form 13 degrees trend. When linking 2 last dips we can see they form 46 degrees trend which almost 3 times more. This is a massive change and we may expect to observe price rise.
What are your feelings guys?
Do you feel the same? Are we close to something big?
Thank you for your likes, support and comments.
Thank you for being here.
HUGE Hugs
WBM Team!
We hope you are doing well.
Seems like BTC is getting better. After many bad words from the prominent people from finance, BTC not only didn’t go down but also managed to grow up a bit.
Taking into account the fact that major cryptos are sluggish we may think many investors sold their coins in favour of BTC.
Let’s look at the chart.
We have a couple of bounce offs with the latest reaching $7800. Still solid growth as we can see on the Gann Fan. Much over 1/1 level which is very good and solid sign.
Moreover demand is growing on Weis Wave and no supply on the horizon.
When using Ichimoku Cloud Indicator we can see clearly we are above the cloud and also chart has crossed Tenkan-Sen (red line) and Tenkan-Sen crossed Kijun-Sen (blue line). This is very strong and safe signal to BUY. Let’s keep an eye on this indicator as it provides rally safe trading.
MACD – we observed positive convergence. We can also distinguish that uptrend is getting stronger.
We measured their trend – look at first 3 dips. When linked, they form 13 degrees trend. When linking 2 last dips we can see they form 46 degrees trend which almost 3 times more. This is a massive change and we may expect to observe price rise.
What are your feelings guys?
Do you feel the same? Are we close to something big?
Thank you for your likes, support and comments.
Thank you for being here.
HUGE Hugs
WBM Team!
Note
Gann Fan and Weis Waves Note
MACD trending Note
We brok EMA100 (Daily interval) for good which is very bullish. We also observe RSI positive convergence and it's getting stronger.
Note
Don't worry. We have a small correction. We are still far above Tenkan-Sen or the CloudNote
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