Bitcoin do or die time
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This higher low we just potentially made around the 50 MA must hold, and in my opinion it will. But if it does not we will probably fall out of the channel and make it down to the pink trendline (very very strong support there).
Why I think it will hold:
4h chart:
Good luck.
Why I think it will hold:
4h chart:
Good luck.
Nota
4h bounced real nicely:Let’s hope the 50 MA whipsaws as opposed to crossing down over the 100 MA.
RSI looking great on the daily:
Nota
Not a great sign that 50 MA has just crossed over the 100 MA on the 4h, this has been a good cross to watch. Let's hope this whipsaws soon.Nota
Nota
Possible this could be an abcde triangle:Considering the MA cross, we should find out the direction soon enough.
Nota
It's starting to look like the recent low will hold. Will get even more confirmation when we break the white dotted neckline:Nota
Breaking the neckline now...Nota
Looking great:Nota
Tweet from a few hours ago:twitter.com/btc_joe/status/879052695809740800
...support just tested, time to bounce?
Nota
Let's see if 50 MA crosses back above the 100 MA here...if so then this uptrend should continue IMO:Nota
Support was tested again and held on the 4h:Zooming out to the 1d we have 4 lower lows in RSI and 4 higher lows in price, this is hidden bullish divergence:
Looking great, the bull market continues....
Nota
Nota
Looking like we are on the brink of a break out, here is the 4h chart (still would like to see the 50MA cross back above the 100MA):
Here is the daily chart, looks like the 50 MA held, and we are about to break out of the triangle:
Looking good.
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