Just a few days ago there was a lot of friction in the comments section just because we were fast to point out that Bitcoin was looking to move higher...
I understand, for some people it takes longer to see "the writing on the wall".
Looking at the chart as it is now, it is becoming clear that Bitcoin is set to continue moving higher.
The volume bars are a strong indicator. We can see the green bars being always bigger than the red bars.
We also had a very long correction followed by consolidation period.
Finally, the RSI is at its highest since mid-June.
We have prices trading above MA200 and EMA200 on this timeframe, with immediate resistance at around $35,000.
Even with this resistance in place, we believe Bitcoin can continue and move ahead.
Please tell me, what's your take?
Thanks a lot for reading again.
Namaste.
評論
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Everybody can see it now... :D
This is great. We haven't seen something like this in a while.
Enjoy.
評論
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Nobody saw it coming?
From 21-July trade idea... "This time it can go for longer and we can hit $40,000 or $45,000+..."
@Clevortrevor, hold your horses, might still go down, will see.
go92831
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@Clevortrevor, Why? It seems that lately Bitcoin needs fabricated fake news with lies about Amazon accepting it for payment in order to get a decent pump. The negativity is not over, it just grew even bigger and the pump is finished.
Clevortrevor
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@go92831, I don't agree with your assumptions. Some analysts I follow were saying 3 days ago there was a short squeeze coming and that's why BTC pumped to 39k.
go92831
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@Clevortrevor, Are not assumptions, are facts:
1) Speculations about Amazon accepting Bitcoin payments did rise just before the weekend, starting from the posting on Amazon jobs site. That coincides with making the shorts squeeze plan that I heard about too
2) More articles about Amazon accepting Bitcoin payments a day ago when the pump
3) After the first part of the pump and the star fakeout came the City A.M. boorish fake news giving more life to the pump
4) After Amazon busted the fake news, the strong reversal came instantly
Considering these facts, the correlation between false rumors and fake news and the pump cannot be denied.
Kushman187
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@go92831, the reason you are wrong is because you don't yet realize the dump to 30k was the fake news part;& an artificial dump brought upon by FUD articles about GBTC that intentionally misled ppl into thinking there would be tons of BTC flooding the market.
As if the GBTC had anything to do with actual BTC being unlocked. Soon you'll surely realize that the price going back up(as I predicted in comments the same morning before the pump) happened due to the fake FUD about GBTC finally ending when the share unlocks came & went without incident aside from artificial dump.
objeroi15
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Agree and it is happining now.
ehsaanfree
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bravo!
carl12344
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U have earned a follow
johncibrone55
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Looking great. BTC dominance at 50+ % is what I'm looking for to confirm this is 2nd half of a historic bull cycle. Great analysis. Thank you