After more than 3 months of consolidation Bitcoin produced a bullish breakout.
The bullish breakout has been going for a few days only... Crash? Not so fast!
3 months of consolidation is a really long time. There is no need to consolidate for 3 months just to challenge the previous high and "crash" two days later... After a strong bullish breakout, Jan-March, this new breakout is the continuation of this initial bullish move.
This is the bigger picture though, higher highs and higher lows.
As for the short-term, we need to focus on the numbers, guessing can lead to mistakes... If we just randomly guess, we can get it wrong.
If BTCUSDT trades above $29,600 - $29,800 the short-term bias is strongly bullish.
This bias remains bullish all the way to $27,350...
BTCUSDT is currently trading above $30,000, which means, super strong. 100% bullish.
There is no need to look for nor expect a crash with such a strong price, only if the support levels above fail we should look for more low.
Since the price continues strong even with 3 days red, we remain 100% bullish unless the chart changes.
The entire Cryptocurrency market is set to continue growing for weeks if not months.
Namaste.
The bullish breakout has been going for a few days only... Crash? Not so fast!
3 months of consolidation is a really long time. There is no need to consolidate for 3 months just to challenge the previous high and "crash" two days later... After a strong bullish breakout, Jan-March, this new breakout is the continuation of this initial bullish move.
This is the bigger picture though, higher highs and higher lows.
As for the short-term, we need to focus on the numbers, guessing can lead to mistakes... If we just randomly guess, we can get it wrong.
If BTCUSDT trades above $29,600 - $29,800 the short-term bias is strongly bullish.
This bias remains bullish all the way to $27,350...
BTCUSDT is currently trading above $30,000, which means, super strong. 100% bullish.
There is no need to look for nor expect a crash with such a strong price, only if the support levels above fail we should look for more low.
Since the price continues strong even with 3 days red, we remain 100% bullish unless the chart changes.
The entire Cryptocurrency market is set to continue growing for weeks if not months.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.