long bitcoin x10

١ نوفمبر ٢٠٢١

Bitcoin is in an upward triangle in an uptrend in the medium and long term and has come out of a bearish channel. We can see that it has found strong support at around 59500, where we also find the 100-day moving average. We can see that he doesn’t have too much room left to continue downhill, so he’s more likely to hit bottom at the base of the triangle to grab a strong momentum to break that triangle and keep going up hard. In the macd we see an attempt to reverse the trend, in rsi we see that it is above our support marked in the cci we see the space of future rise available, although it marks that within November 5 could lower the price or lateralize. The adx is negative, above point 23 and the dominance of bitcoin above 43.85%, strong support zone. So, we enter the support zone of 59500 and the hand of 100, and we will look for outlets (marked with fibonacci retracement) to reach the last all-time high, around $ 67,000.