Bitcoin monthly showing signs...a funeral for the bears?
Weekly:
...no bears were hurt in the making of this chart.
...no bears were hurt in the making of this chart.
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50 MA has no relevance on the monthly so u can simply ignore it, i forgot to remove it but don't feel like republishing : )
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Daily chart:
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Hourly chart...last hope before new yearly lows incoming. Let's see if it plays out.
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4h breakout, and retest of support into the 50/100 potential cross. If it does not hold another leg down is in the works but I think it should.
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4h chart.I know everyone wants $64xx-$65xx but the green rectangle (an advanced method of support and resistance I developed using rectangle boxes) seems like the logical place to bounce. 50 MA and weekly open agree. Would also form a higher low for hidden bull divergence.
Commento:
If we can get back above 7k here thats enough to create hidden bullish divergence...
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100 MA now being tested…since the correction took a bit longer it has moved up and holding would create hidden bull divergence, so the green rectangle might be wishful thinking.
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Can we break the flag on the monthly?
