What's your opinion about this "pump"?
What are the "news" and events that you consider caused such a huge increase in such a short period of time? (Please share your opinion with us in the comment section).
The is great as well and this can be the start of something nice.
Let's see how it goes.
You can see the blue lines on the right at the chart above, as some of the levels where Bitcoin will face resistance when going up. Let me detailed them for your...
Bitcoin resistance levels ("targets")
(6) $19891 (All time high)
Note: These price levels are not exact. Resistance can be faced within a 10% range below and above each target price.
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Closer look at the daily chart (quite a few bullish signals taking form there):
Here is the daily chart after the daily candle closed:
- We are now trading nicely above the 200SMA line on the 4h chart.
- SMA20 crossed SMA50.
- Both of these are bullish signals.
Here is the 4h chart:
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Thanks for reading. I appreciate it.
Here is the chart:
I also spotted a triangle formation... we will see how it goes:
Once we break, close and remain above this trend line (red dotted line), Bitcoin will start a new trend. It can go sideways just as it can start to go up (up trend).
Let's take a quick look at the charts:
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Thanks a lot for the continued incredible support.
You can see that each time Bitcoin reached this trend line it has gone down for the past few months... Will we be able to break it this time?
Here is the daily chart:
Already above it on the 4 hours chart:
And finally, this is how the weekly chart looks:
Enjoy the charts...
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We are looking bullish, but we need more momentum if we want to break up strong.
You can find different support and resistance levels on this chart.
Here you can see the chart:
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