By taking a trend line from the beginning (20th July) of the current wave up along the previous correction low (21st September), we can visualize a trailing price of support.
Bitcoin is trading in a falling wedge, while the MACD approaches a crossover. If there is sufficient momentum to push the MACD above 0 following a cross-over (price action to the upside occurs), a more prolonged move to the upside may be expected.
The MACD is looking very similar to the beginning of the last wave up.
Lastly, the stochastic RSI informs us that the price is OVERSOLD, which holds great significance on the daily charts, and we may be approaching a state of being OVERBOUGHT in the very near-future.
The trend is your friend! Personally I think a 3 Trillion TOTAL CRYPTO Market CAP is realistic soon, so I can expect bitcoin to progress towards the $70,000 in the near future.
This is not financial advice.
Thanks!
Bitcoin is trading in a falling wedge, while the MACD approaches a crossover. If there is sufficient momentum to push the MACD above 0 following a cross-over (price action to the upside occurs), a more prolonged move to the upside may be expected.
The MACD is looking very similar to the beginning of the last wave up.
Lastly, the stochastic RSI informs us that the price is OVERSOLD, which holds great significance on the daily charts, and we may be approaching a state of being OVERBOUGHT in the very near-future.
The trend is your friend! Personally I think a 3 Trillion TOTAL CRYPTO Market CAP is realistic soon, so I can expect bitcoin to progress towards the $70,000 in the near future.
This is not financial advice.
Thanks!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.