In the daily Chart we can see, that Bitcoin formed an very strong Bullish Engulfing Pattern. We also have a small supportline for the RSI.
On the Hour Chart we have a crosshair where the 8EMA crossed the 50MA which is also a positive sign.
And Bitcoin also managed to get over the 8500$ mark which is very positive.
I closed my Short and opened an new Long Position.
We should also keep an eye at those dates:
13.10: Bitwise ETF final decision
18.10: VanEck ETF final decision
These are just my thoughts, the information provided is not a financial advice.
On the Hour Chart we have a crosshair where the 8EMA crossed the 50MA which is also a positive sign.
And Bitcoin also managed to get over the 8500$ mark which is very positive.
I closed my Short and opened an new Long Position.
We should also keep an eye at those dates:
13.10: Bitwise ETF final decision
18.10: VanEck ETF final decision
These are just my thoughts, the information provided is not a financial advice.