Long term downwards trend potentially broken

2020년 1월 8일

A possible bullish reversal for Bitcoin is present now that the downwards wedge has been broken. All is not clear yet though. For confirmation we need to see a few things first.

1. Confirmation on the volume. We need to see larger volume candles.
2. We need to break above the previous high.
3. We need a bullish signal on the MACD.

If all goes well we could be looking at prices around €12000 in a few months.

2020년 1월 29일

노트

We are right at resistance now. A weekly close above 8500 will be very bullish. Still fairly low volume. Could be the calm before the storm.

2020년 2월 5일

노트

About to break bullish as the momentum is turning. Would still like to see higher volume, but the MACD and price action is still bullish.