Bringing this back down a notch into the 2h chart and you can clearly see how erratic that Weiss indicator becomes when Bitcoin is undecided.
Normally we get clear buy and sell signals with follow through and lots of meat to trade with.
Finally we are now seeing a buy signal and breaking out of the bullish flag pattern.
There are no guarantees and no one can make a 100% prediction, so manage your risk and set your stop losses.
Normally we get clear buy and sell signals with follow through and lots of meat to trade with.
Finally we are now seeing a buy signal and breaking out of the bullish flag pattern.
There are no guarantees and no one can make a 100% prediction, so manage your risk and set your stop losses.
- Breaking out of bull flag
- Weiss buy signal
- Creating new local highs
Are all signs for a continuation of the current bullish momentum