The current candle sequence since February 6th is the longest in this bear market. Since the All Time Highs Bitcoin's strongest bullish sequence (Higher Lows) was 40 days in April/ May. The current sequence is 45 days and counting.
This is also evident on key technical indicators:
RSI: Current bullish streak above 40.000 = 45 days (longest since ATH).
CCI: Current bullish streak above -100.000 = 45 days (longest since ATH).
TSI: Current bullish streak above 0.000 = 35 days (longest since ATH).
Can this be a strong indication of bullish sustainability? It certainly is a sign of accumulation of buyers after the December bottom. This is a lengthy process and the longer the price trades above those levels, the stronger the foundation of the accumulation phase gets.
Read more on Bitcoin's cycle's and phases below:
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
This is also evident on key technical indicators:
RSI: Current bullish streak above 40.000 = 45 days (longest since ATH).
CCI: Current bullish streak above -100.000 = 45 days (longest since ATH).
TSI: Current bullish streak above 0.000 = 35 days (longest since ATH).
Can this be a strong indication of bullish sustainability? It certainly is a sign of accumulation of buyers after the December bottom. This is a lengthy process and the longer the price trades above those levels, the stronger the foundation of the accumulation phase gets.
Read more on Bitcoin's cycle's and phases below:
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
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Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Penerbitan berkaitan
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.