Bitcoin may be ready to buck the bears here, the price action lately has been nothing short of insanity. Feels like everything is a trap, or fabricated in some way, but in all actuality i think ( hope ) it was institutional loading - and that its finally over.. for now.
Bitcoin has been running thru resistance, flipping the major MA's , MACD is showing bullish divergence on larger TF's and we are really putting pressure on the upper trendline.
Were forming alot of bullish reversal patterns along the way, including:
1. Inverse H&S - 4HR timeframe
2. A nice little E- Wave pattern
3. A ( technically bearish ) gartley pattern - but will still help us buck the bear trend. ( see below )
I.M.O the bear market may finally be coming to an end - if we fail to break the trend line this time, and negate all of this bullish momentum and formations, then I will have lost faith lol!
Bitcoin has been running thru resistance, flipping the major MA's , MACD is showing bullish divergence on larger TF's and we are really putting pressure on the upper trendline.
Were forming alot of bullish reversal patterns along the way, including:
1. Inverse H&S - 4HR timeframe
2. A nice little E- Wave pattern
3. A ( technically bearish ) gartley pattern - but will still help us buck the bear trend. ( see below )
I.M.O the bear market may finally be coming to an end - if we fail to break the trend line this time, and negate all of this bullish momentum and formations, then I will have lost faith lol!
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.