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!
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。