After a huge correction from 20000 $ to 11300 $, it seems that we are entering in an new uptrend.
tends to show that, but (for the moment) not DMI and . If you are not confident entering now Bitcoin , wait until all of 3 indicators confirm the uptrend!!!
Personally, and because I have experience of how BTC reacts after such falls, I will risk entering now.
Do not enter because I am telling you. Enter IF you feel it and WHEN you feel it!! That is why I say in the title "PREPARE to enter Bitcoin" and not "ENTER bitcoin"!
If we enter a new uptrend, where will the price of bitcoin will go?
- In a case of an uptrend, I believe that it will easily break the 20000 $ barrier and will head to the psychological barriers of 25000 $ and 30000 $.
Feel free to post your comments! Any opinion is welcome!
* If you won good money with my help and wish to offer me a beer, you can donate me some (fractions of!) BTC or altcoins!
- for the AROON indicator to confirm an uptrend:
1) the blue line must continue going down
2) the orange line must turn up
- for the DMI indicator to confirm an uptrend:
1) the green line must go higher than the red one (so, here we must wait for them to cross)
2) the black line (showing the intensity of a trend) must be equal or greater than 25.
1) MACD is confirming that.
2) RSI is confirming that.
3 AROON tends to confirm: blue line started going down and orange line goes up.
4) DMI tends to confirm: blue line started going down and red line goes up.
We expect mostly that BTC will continue to rise. The trade is active.