๐ ฑ๏ธ Major Development, 1st Buy Signal Since July 2021 | Bitcoin
This is the first "buy signal" the Renko system gives for Bitcoin on the weekly timeframe since the major bear-market.
For confirmation, the week needs to close above $24,000 which is almost a done deal.
This would confirm a change of trend, Renko-wise.
We also have a harmonics pattern and many more signals can be extracted from this chart.
We have a long-term higher low when comparing June 2022 to October 2020.
If we were to activate some indicators, the bullish reversal signals would show up in large quantities.
A change of trend doesn't mean that Bitcoin must necessarily go up but if you use the Renko system it would mean "buy".
โ๏ธ Each time you get a green brick = buy.
โ๏ธ Each time you get a red brick = sell.
That's the Renko strategy simplified.
Looking at past history you can see how successful this system can be.
Very simple... It can be used with other charts as well.
It is a great tool for trend change confirmation, for long-term traders and can also be used on shorter timeframes.
Namaste.
For confirmation, the week needs to close above $24,000 which is almost a done deal.
This would confirm a change of trend, Renko-wise.
We also have a harmonics pattern and many more signals can be extracted from this chart.
We have a long-term higher low when comparing June 2022 to October 2020.
If we were to activate some indicators, the bullish reversal signals would show up in large quantities.
A change of trend doesn't mean that Bitcoin must necessarily go up but if you use the Renko system it would mean "buy".
โ๏ธ Each time you get a green brick = buy.
โ๏ธ Each time you get a red brick = sell.
That's the Renko strategy simplified.
Looking at past history you can see how successful this system can be.
Very simple... It can be used with other charts as well.
It is a great tool for trend change confirmation, for long-term traders and can also be used on shorter timeframes.
Namaste.
ืืขืจื
This is how the Renko chart is now looking, weekly and daily.Weekly:
Daily:
Zooming in on the daily, it is extremely easy to spot the iH&S and a strong bullish bias:
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๐ฅ Get the FULL (4-in-1) PREMIUM PACKAGE ๐
t.me/lamatrades/4 (Since 2017)
โ FREE PREMIUM trade-numbers (4-10X) ๐
t.me/masteranandatrades/9043
๐จ TOP Results May 2026 ๐
t.me/masteranandatrades/8778
t.me/lamatrades/4 (Since 2017)
โ FREE PREMIUM trade-numbers (4-10X) ๐
t.me/masteranandatrades/9043
๐จ TOP Results May 2026 ๐
t.me/masteranandatrades/8778
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