BTC primed for a move to the bullish pivot point!

٢٥ يوليو ٢٠٢١

Bitcoins moving up quick after i predicted we would see 28K before we saw a bigger move up to possibly 40K and that just about happened perfectly, we got the bounce a little over the 28K level and we have been pushing up since! Now what i think is likely is we could see a little breather day maybe even a slight red candle but it looks like we are ready to keep moving after that! If we can get a daily close here above the 0.5 FIB level that would be very bullish, we aren't too far away from that pivot point where we can really rebound to the bullish upside. Looking at the bollinger bands you guys might know what i am gonna say lol.. but we are getting super close to grabbing ahold of that top band where we could then really start to go for a ride to the upside, this is where my prediction for a little breather day comes from, if we can settle cool off and find footing above this 0.5 fib level we have a very good chance of getting ahold of that top bollinger band, and thats why i think we are going to climb to that bullish pivot point! Checking out the macd we got a very nice bullish cross where we are now seeing big separation in the MA's the blue is taking off from the orange, which is definitely a positive sign, also gives us some room to have that cooloff day without getting a bearish cross! Think overall the crypto market is starting to heat up again with BTC dominance slowly falling back down we should be back to it in no time! But like i have said before i am more neutral until we cross that 40K mark, than my view is switched to bullish and if we cross below 30k and stay under i would be bearish! Not financial advice just my opinion!