Bullish signal of trend continuation

٢٧ يناير ٢٠٢١

Important signs:
1) Falling wedge (need to break to confirm);
2) EMA 50 holding above 30k (bullish);
3) RSI holding above 45 level (bullish);
4) MACD going to neutral (bullish, indicates a healthy correction);
5) Institutional investors are buying the dip.

Ps: daily candle closing below U$30.000 will make me bearish, in the short term.

٢٧ يناير ٢٠٢١

ملاحظة

EDIT***
Daily candle closing below U$28.000 will make me bearish , in the short term (not 30k).
-> 28k = BOTTOM of the Falling Wedge

٢٩ يناير ٢٠٢١

ملاحظة

BULLISH BREAKOUT confirmed!
First target: U$44.500

٢٩ يناير ٢٠٢١

ملاحظة

Major resistance at U$37.700.
Daily candle closing above U$37.700 put us to VERY BULLISH scenario.

٣٠ يناير ٢٠٢١

ملاحظة

Bitcoin is retesting the top of falling wedge.
Now, we need to see the next daily candles, to confirm the bullish scenario.
Price holding above EMA 50 (U$33.200) is a good signal.

٢ فبراير ٢٠٢١

ملاحظة

Falling wedge breakout + BTC holding above EMA 50.
Bullish signal.

٣ فبراير ٢٠٢١

ملاحظة

First target (U$44.500) is on the way

٨ فبراير ٢٠٢١

ملاحظة

Bitcoin hit the first target, now! :)