Hello all,
Bitcoin is breaking all kinds of metrics today, and I couldn't be happier to see.Is it leading the world markets?¿
Bitcoin is officially above all moving averages, If we close the monthly above the 21ema @ $7.450 I automatically will be full on long term bullish!
Congrats to all the crypto believers. we are strong!
Now to the technicals:
3 more days to maybe change my long term view on this market! Let's go
Bitcoin is breaking all kinds of metrics today, and I couldn't be happier to see.Is it leading the world markets?¿
Bitcoin is officially above all moving averages, If we close the monthly above the 21ema @ $7.450 I automatically will be full on long term bullish!
Congrats to all the crypto believers. we are strong!
Now to the technicals:
- We are above all moving averages on all timeframes;
- Historically we never broke above the Monthly 21ema as a fakeout;
- We broke above the distribution channel, holding above it would be immeasurably bullish;
- The "hash ribbons" indicator that was never wrong in bitcoins entire existence had signaled a capitulation and buy signal;
- The volatility index, which was at extremely low levels, pointing towards a possible multi thousand dollar move, has returned volatility breaking structure;
- RSI is out of the bearish control, above the neutral middle point at what appears to be a triangle formation and above the RSI MA;
- Three Drives of bullish divergence on the stochastic indicator;
- 0.382 Fibonacci is at $9.200, matching my horizontal resistance and next major resistance should lie at the descending trendline at $9.550 and next resistance zone at $9.859
3 more days to maybe change my long term view on this market! Let's go