This is the first "buy signal" the Renko system gives for Bitcoin on the weekly timeframe since the major bear-market.
For confirmation, the week needs to close above $24,000 which is almost a done deal.
This would confirm a change of trend, Renko-wise.
We also have a harmonics pattern and many more signals can be extracted from this chart.
We have a long-term higher low when comparing June 2022 to October 2020.
If we were to activate some indicators, the bullish reversal signals would show up in large quantities.
A change of trend doesn't mean that Bitcoin must necessarily go up but if you use the Renko system it would mean "buy".
✔️ Each time you get a green brick = buy.
✔️ Each time you get a red brick = sell.
That's the Renko strategy simplified.
Looking at past history you can see how successful this system can be.
Very simple... It can be used with other charts as well.
It is a great tool for trend change confirmation, for long-term traders and can also be used on shorter timeframes.
Namaste.
For confirmation, the week needs to close above $24,000 which is almost a done deal.
This would confirm a change of trend, Renko-wise.
We also have a harmonics pattern and many more signals can be extracted from this chart.
We have a long-term higher low when comparing June 2022 to October 2020.
If we were to activate some indicators, the bullish reversal signals would show up in large quantities.
A change of trend doesn't mean that Bitcoin must necessarily go up but if you use the Renko system it would mean "buy".
✔️ Each time you get a green brick = buy.
✔️ Each time you get a red brick = sell.
That's the Renko strategy simplified.
Looking at past history you can see how successful this system can be.
Very simple... It can be used with other charts as well.
It is a great tool for trend change confirmation, for long-term traders and can also be used on shorter timeframes.
Namaste.
Nota
This is how the Renko chart is now looking, weekly and daily.Weekly:
Daily:
Zooming in on the daily, it is extremely easy to spot the iH&S and a strong bullish bias:
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.