Did strong miners step up the hash rate?
Are the whales buying up the price?
🐋 Whales —
On Balance Volume is testing Resistance. A rejection here and price will most likely drop... but if it continues up, FOMO may kick in.
🐂 Traders —
Relative Strength Index makes a Hidden Bullish Divergence... during a Daily uptrend. This is very bullish.
⚒️ Miners —
BTC Hash Rate is above 200 Day Moving Average and a Buy Signal triggered.
⚠️ This is a tough call. Short positions are loading up at this level... but this could result in a Short Squeeze to take Bitcoin up "temporarily" higher if whales decide to flex. Personally, I'd rather be in a position with a Trailing Stop Loss than sit here on the sidelines watching this possibly moon.
Are the whales buying up the price?
🐋 Whales —
On Balance Volume is testing Resistance. A rejection here and price will most likely drop... but if it continues up, FOMO may kick in.
🐂 Traders —
Relative Strength Index makes a Hidden Bullish Divergence... during a Daily uptrend. This is very bullish.
⚒️ Miners —
BTC Hash Rate is above 200 Day Moving Average and a Buy Signal triggered.
⚠️ This is a tough call. Short positions are loading up at this level... but this could result in a Short Squeeze to take Bitcoin up "temporarily" higher if whales decide to flex. Personally, I'd rather be in a position with a Trailing Stop Loss than sit here on the sidelines watching this possibly moon.
Nota
Currently, Bitcoin is above historical Resistance!Nota
🟩Green candle bodies in the Monthly are Areas of Value. Very clear demand between $6,403 and $9,297. If this month of May closes its candle body above $9,297, I think there is a strong possibility it will finally break above its Downtrend of Resistance since $20,000 in 2017!🚨 3 more days to go... it can possibly pump and dump. Who knows what the whales and miners will do??? 🤷♂️
Nota
BTC Hash Rate recovers 24%... That's one heck of a recovery!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.