Update: What Is The RENKO Chart Saying? | Bitcoin

15 lug 2022

On top of the candlesticks we also track Bitcoin using the Renko charting system.

This is an update to the trade idea shared July 6.
Bitcoin RENKO Buy Signal, Highest Volume Since 2019

BTCUSD Renko 4H

• We have higher lows ever since the 19-June bottom.
  
• Trading volume continues to increase.
  
• New green brick laid down, another buy signal.
  
• Trading above EMA10 and challenging EMA21.
  

Note: This is short-term.
These bullish signals are not yet present on the daily Renko chart.

Still, the chart technicals are looking good.

A bullish wave is due that will produce massive growth.

It is already starting...

We see how it goes.

Namaste.