We can see on this Daily chart where BTCUSD has RECENTLY turned bullish as its price moved out of a downwards rectangular channel which is a very bullish action to occur on the most significant timeframes, but this similar bullish reversal has occurred on the 4hr BTCUSD chart as price exits a bearish wedge and the confluence is detected on a large triangle.
Due to price moving over multiple timeframes and the resistance lines which relate, BTCUSD has made a bursting move for long traders positions and it was not long before price had several breakouts creating some quite significant candles and BTCUSD has pulled back under the 70 level.
I think that what we are seeing is Bitcoin making the first market move as it often does lead, Ethereum and others are very oversold and often the extended oversold levels, think DOGEUSD it recently triggered this overextended oversold level at 0.08 cents. It was a bargain at 0.15 cents only recently. Ripple has been dumped to very low overextended beyond oversold levels and it will be the big pockets who have the liquidity, the capital to buy them back at such value at probably never to be repeated prices again.
I have to pinch myself sometimes that Bitcoin for all cents and purposes is moving forwards with Crypto as an asset class that is modern & despite still being in its infancy as a ‘new kid on the block’ analogy, we as investors do not necessarily fear the bitcoin of tomorrow because President Trump has already endorsed its future and signed-off on its future which is almost certainly guaranteed.
* To investors of Bitcoin who were harassed and bullied just like I was over Crypto purchases, let’s see how these anti crypto banks align with it in the future because the children of tomorrow will be studying Cryptocurrency in economics at school and quite possibly in syllabus’s at schools around the world will offer Digital Cryptocurrency as its own complete subject.
I see in the ASX lineup that Australia’s Macquarie bank is looking very bullish going forwards into next week and it’s one of the banks in the world I’d turn to it’s chart to confirm a imminent bullish move in Bitcoin which is starting to occur and if the current earnings SEASON results in the USA are upbeat in profits and forecasts then the upside momentum will continue at least for the next leg up of the Dow, SnP500 and the NASDAQ. It’s worth noting that these indices are not over bought or over sold but ripe for the buy picking imho.
Due to price moving over multiple timeframes and the resistance lines which relate, BTCUSD has made a bursting move for long traders positions and it was not long before price had several breakouts creating some quite significant candles and BTCUSD has pulled back under the 70 level.
I think that what we are seeing is Bitcoin making the first market move as it often does lead, Ethereum and others are very oversold and often the extended oversold levels, think DOGEUSD it recently triggered this overextended oversold level at 0.08 cents. It was a bargain at 0.15 cents only recently. Ripple has been dumped to very low overextended beyond oversold levels and it will be the big pockets who have the liquidity, the capital to buy them back at such value at probably never to be repeated prices again.
I have to pinch myself sometimes that Bitcoin for all cents and purposes is moving forwards with Crypto as an asset class that is modern & despite still being in its infancy as a ‘new kid on the block’ analogy, we as investors do not necessarily fear the bitcoin of tomorrow because President Trump has already endorsed its future and signed-off on its future which is almost certainly guaranteed.
* To investors of Bitcoin who were harassed and bullied just like I was over Crypto purchases, let’s see how these anti crypto banks align with it in the future because the children of tomorrow will be studying Cryptocurrency in economics at school and quite possibly in syllabus’s at schools around the world will offer Digital Cryptocurrency as its own complete subject.
I see in the ASX lineup that Australia’s Macquarie bank is looking very bullish going forwards into next week and it’s one of the banks in the world I’d turn to it’s chart to confirm a imminent bullish move in Bitcoin which is starting to occur and if the current earnings SEASON results in the USA are upbeat in profits and forecasts then the upside momentum will continue at least for the next leg up of the Dow, SnP500 and the NASDAQ. It’s worth noting that these indices are not over bought or over sold but ripe for the buy picking imho.
MusicalNightz
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MusicalNightz
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.