Bitcoin Short-Term Recovery Confirmed Bulls Win!

4 hari lalu

Ranging markets/sideways markets is when traders lose the most money. Always keep this in mind.

» Short-term signals are pointing to a recovery right away.

» Bitcoin's drop wicked below the 13-June low but the RSI produced a higher low and thus we have a bullish divergence.

» Bitcoin's current drop went lower yet the chart reveals lower volume now compared to 13-June. This reveals weakness on the bear camp. This means a recovery will happen next, right away.

These are just a few signals but taken together with the altcoins analysis that I showed you and the bigger picture; Ha ha! The bulls win again.

Namaste.

3 hari lalu

Dagangan aktif

The same conditions as before still apply here, that is, lower volume on a lower low (bullish); oversold RSI (bullish), small recovery. Increasing bull volume (bullish, bullish, bullish).

kelmarin

Dagangan ditutup: hentian tercapai

100K broke as support. Please refer to the following publication for additional information.
A new support range has been activated below 90K.

kelmarin

Nota

Changed my mind. Check latest update.
Early recovery.