Bitcoin CMP $70690
The beauty of looking at various asset classes is that they rise and fall together. In my view the correction in the crypto is over.
Elliott- The v waves within the C wave is done. Hence to me this correction is over.
Fib- The crypto reversed just shy away from the 59K which is the confluence zone on the chart.
Trendline- the same area is also supported with a trendline. Hence the zone is a strong strong support.
Oscillators- All the oscillators are at support. This is yet another indication of strength.
Bar - the daily chart is showing a railway track which is a directional signal.
Capitulation- the huge volume on the bottom is indicating capitulation.
Conclusion- yesterday it was silver that bounced back strongly and bitcoin too which is indicating a reversal.
The beauty of looking at various asset classes is that they rise and fall together. In my view the correction in the crypto is over.
Elliott- The v waves within the C wave is done. Hence to me this correction is over.
Fib- The crypto reversed just shy away from the 59K which is the confluence zone on the chart.
Trendline- the same area is also supported with a trendline. Hence the zone is a strong strong support.
Oscillators- All the oscillators are at support. This is yet another indication of strength.
Bar - the daily chart is showing a railway track which is a directional signal.
Capitulation- the huge volume on the bottom is indicating capitulation.
Conclusion- yesterday it was silver that bounced back strongly and bitcoin too which is indicating a reversal.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.