BitcoinLong
Can Bitcoin Recover Now? End Of Year Rally Early Signals!
It is true that the bears have been shinning and Bitcoin took a timeout from any additional growth.
We've seen red and red...
Aren't you tired?
We want a bullish Bitcoin... Yes or no?
No need to hit LIKE now or FOLLOW... Let's read first and if you enjoy the analysis...
Bitcoin (BTCUSD) Daily Timeframe Chart Analysis | Early Bullish Signals
Bitcoin peaked 10-Nov. 2021 at $69,000.
It crashed by a massive 39% and this correction has been going for 40 days strong.
Bitcoin is the eternal bull.
Bitcoin is always bullish...
Even if we are to get lower prices;
Nothing moves in a straight line, we have to see a bounce and that's exactly what is likely going on.
Let's get technical.
The first "early signal" is the RSI, it hit its lowest level since May 2021 over 6 months ago.
Once Bitcoin hits oversold it normally tends to move up.
The RSI hit these levels and has been in accumulation mode, after accumulation a bullish breakout is the norm.
If you look at the MACD, still on the bearish side but we are early... See it below:
We have the classic bullish cross after a higher low.
Last time we had this signal, with the histogram going green, prices moved up.
Last but not the least is the EMA50 and EMA100 bearish cross.
This is a mid-term bearish signal but when it comes up an imminent bounce can take places as the green arrows show.
It is not only the chart...
I got this feeling telling me that Bitcoin is going up!
Do you agree?
Feel free to hit LIKE now and FOLLOW!
Thanks a lot for the continued support.
Namaste.
We've seen red and red...
Aren't you tired?
We want a bullish Bitcoin... Yes or no?
No need to hit LIKE now or FOLLOW... Let's read first and if you enjoy the analysis...
Bitcoin (BTCUSD) Daily Timeframe Chart Analysis | Early Bullish Signals
Bitcoin peaked 10-Nov. 2021 at $69,000.
It crashed by a massive 39% and this correction has been going for 40 days strong.
Bitcoin is the eternal bull.
Bitcoin is always bullish...
Even if we are to get lower prices;
Nothing moves in a straight line, we have to see a bounce and that's exactly what is likely going on.
Let's get technical.
The first "early signal" is the RSI, it hit its lowest level since May 2021 over 6 months ago.
Once Bitcoin hits oversold it normally tends to move up.
The RSI hit these levels and has been in accumulation mode, after accumulation a bullish breakout is the norm.
If you look at the MACD, still on the bearish side but we are early... See it below:
We have the classic bullish cross after a higher low.
Last time we had this signal, with the histogram going green, prices moved up.
Last but not the least is the EMA50 and EMA100 bearish cross.
This is a mid-term bearish signal but when it comes up an imminent bounce can take places as the green arrows show.
It is not only the chart...
I got this feeling telling me that Bitcoin is going up!
Do you agree?
Feel free to hit LIKE now and FOLLOW!
Thanks a lot for the continued support.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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