We dumped hard overnight but it looks like we will hold the 7700 support and continue up further.
There is a TD 9 on the 6hr which means there is a high chance of reversal and RSI has gone into oversold territory.
We close the weekly + monthly candles 10am today (correct me if I’m wrong) and these are quite important, here’s what I see:
On the WEEKLY we have crossed through then had a bounce of the Bollinger basis which is a bullish signal. It looks like we could possibly create a support from the previous resistance of 7680-7720.
We are also about to have a golden cross on the weekly MACD and the volume has spiked over the moving average and been the highest it’s been in quite a while which is a potential sign before a bull run.
On the Monthly we could be possibly closing on a bullish engulfing candlestick pattern, the RSI has flattened out on the bottom and we have a potential bearish cross on the MACD which is not good but as the data readjusts that could be invalid.
Im extremely bullish on BTC.
I told my members to buy BTC long between 7600-8000 with 10x leverage now our profit targets will be 8500 and 8800.
As I said once again I strongly recommend if your holding many alts to reduce your portfolio to MAINLY BTC and pick 1 or 2 of your favourite holds only as if we skyrocket up ALTs will continue to drop even further from BTCS market domination and you will be trapped. BTC is #1.
I’m expecting BTC to push to the 9k area then have a pullback then we might be able to trade alts with some luck then.
If you like my TA and want to be ahead of the pack by keeping informed about the market with daily BTC updates join The Crypto Collective Discord!
Network with other traders and learn from the PROs!
discord.gg/9Uq2zaW
There is a TD 9 on the 6hr which means there is a high chance of reversal and RSI has gone into oversold territory.
We close the weekly + monthly candles 10am today (correct me if I’m wrong) and these are quite important, here’s what I see:
On the WEEKLY we have crossed through then had a bounce of the Bollinger basis which is a bullish signal. It looks like we could possibly create a support from the previous resistance of 7680-7720.
We are also about to have a golden cross on the weekly MACD and the volume has spiked over the moving average and been the highest it’s been in quite a while which is a potential sign before a bull run.
On the Monthly we could be possibly closing on a bullish engulfing candlestick pattern, the RSI has flattened out on the bottom and we have a potential bearish cross on the MACD which is not good but as the data readjusts that could be invalid.
Im extremely bullish on BTC.
I told my members to buy BTC long between 7600-8000 with 10x leverage now our profit targets will be 8500 and 8800.
As I said once again I strongly recommend if your holding many alts to reduce your portfolio to MAINLY BTC and pick 1 or 2 of your favourite holds only as if we skyrocket up ALTs will continue to drop even further from BTCS market domination and you will be trapped. BTC is #1.
I’m expecting BTC to push to the 9k area then have a pullback then we might be able to trade alts with some luck then.
If you like my TA and want to be ahead of the pack by keeping informed about the market with daily BTC updates join The Crypto Collective Discord!
Network with other traders and learn from the PROs!
discord.gg/9Uq2zaW
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