🅱️ Bitcoin Bulls Confirmed All Timeframes -Daily Weekly Monthly

We've been tracking Bitcoin and while it is true that many people are still hoping to see $15,000 in the coming weeks, this is something that is very unlikely.

We say this is very unlikely based on common sense, experience and most of all, the charts.

The Bitcoin charts found here on TradingView and many other places, have a strong story to tell. These charts paint a clear picture.

Let me give you an example... The daily Bitcoin chart: BTCUSD (D):

Here we can see Bitcoin consolidating sideways since 17-March.
We can see Bitcoin growing since January 2023.
While markets are spontaneous and hard to predict, the charts are easy to read.

As long as Bitcoin trades above $25,000 the chart remains hyper-bullish.
Above $20,000 Bitcoin is strongly-bullish.
There is no need ever to mention $15,000 unless these levels are breached first.

Since Bitcoin continues trading above these level easily, we focus on the upside rather than downside, rather than weakness, we are seeing strength.

EMA100 has been tested daily and holds as support.
Bitcoin is back above EMA10, the short-term gauge potential and EMA50, medium term potential confirmed in favors of the bulls...

The weekly Bitcoin chart looks even better and reveals everything, even a rookie technical analyst can tell that the bulls are in full control when reading these codes, these symbols; financial hieroglyphs.

It would be redundant to mention the huge difference with bear market type of action (down - left side of the chart) with bull market type of action (up - right side of the chart)... But let's be redundant as we might help someone.

✔️ On the left side we have down, down, down and lower lows (bearish trend).

✔️ On the right side we have up, sideways, up, sideways... (bullish trend).

After 10 weeks of sideways, no new lows... Bitcoin remains ultra-strong. When it comes to our indicators, we can the see the candles trading above EMA10, EMA21, EMA50 and EMA100. Also MA200 and EMA300... Before even mentioning $15,000, we would have to break the most important EMA300 ($21,740) support and then the even more important $20,000 which is the 2017 All-Time High... But wait, there is more, the current session has actually a bullish bias and is aiming up.

What are these people talking about 15K?
Am I the only one who can read charts?

Now we move to the monthly timeframe and we know the basics about candlestick reading and EMAs...

✔️ When the candles are green it means bullish.
✔️ When the candle has a long lower wick also means bullish.

✔️ When the session trades above a moving average, this is bullish.

Now that we have the basics, let's see what the chart has to say!

Bitcoin Monthly

In April 2022 Bitcoin moves below EMA10 monthly and this leads to more than a year+ low.
When Bitcoin was growing it was always above EMA10.

Currently, BTCUSD monthly trades above EMA10, EMA21, EMA50 and EMA100.

The last four months closed green.
The current month has a long lower wick.

Based on simple basics, everything is showing that Bitcoin is bullish.

Additionally, there was never a 4 months period of green candle last year when the bear market was in full force. As soon as the bear market bottom-low was hit, Bitcoin responded by printing four months green.

These charts are incredible, they reveal everything.

I don't know what is it that some people are saying or what they see but if the majority of people are seeing down, you can be certain that the price is getting ready to increase.

The majority is always wrong.
That's the psychology of the market when you go from a multi-year bottom to a new market cycle... It takes a year before they can adapt and change, see and accept what is going on.

By mid-June 2022 it will be exactly one year that the bear-market hit its orthodox end... By that time we can see some people are starting change.

The rest are a lost cause but they will eventually come around, hopefully at least when we hit 40K.

See you at the top.

If you are reading this, you have experience on your side and remember, we were also blinded and in denial when we started trading, it is just a phase that everybody goes through so understand that the lost ones are not bad, they are just new to this game.

Next time they will know... First the market, then the rest.
You can't impose your feelings and beliefs on the market, you accept what the market is telling you and what it has to say.

Namaste.

Trade closed: target reached:

March 30, 2023: "By mid-June 2022 it will be exactly one year that the bear-market hit its orthodox end... By that time we can see some people are starting change.

"The rest are a lost cause but they will eventually come around, hopefully at least when we hit 40K."