Bitcoin 4H | Mirror Image, Candlesticks, Volume & More

1 Jun 2022

Today we will look at another of our "classic signals"...

(1) I call this one the "mirror image".

You see we have a strong decline on the left, BTC-DOWN.
After the initial breakout, this is transformed into a mirror image, BTC-UP.

Additional signals go as follow:

(2) We have a higher low.
(3) Multiple reversal candlesticks marked with a light purple rectangle.
(4) Strong volume bar on 26-May.
(5) BTCUSDT Trading above EMA10, EMA21 and EMA50.
(6) Very strong RSI.

All these are bullish signals.
We are still aiming at $34/$35K followed by $38K...

If anything changes I will be sure to share with you an update.

Namaste.

1 Jun 2022

Nota

Russia's central bank says they are good now with international transfer using Bitcoin/Cryptocurrency.

Positive news = bullish signal.