Hello traders,
After tether-fud pump, we see Bitcoin found support around $6500 once again. Bitcoin has been trading between $6400-$6800 for quite sometime, and it is very important to get out from this zone in order to start new bull run.
Looking at 4 hour chart for Bitcoin, we see few interesting and bullish signals in past 48 hours:
1) Stoch RSI at bottom for last 24 hours
2) MACD started to curl upward
3) Number of shorts going down, while the price of Bitcoin going down. To me this seems like someone is accumulating Bitcoin for a big move.
4) Bullish wedge formation
In case of bullish breakout, the target is $7400 where we see confluent zone of resistance.
Stop loss: $6520
Happy trading.
After tether-fud pump, we see Bitcoin found support around $6500 once again. Bitcoin has been trading between $6400-$6800 for quite sometime, and it is very important to get out from this zone in order to start new bull run.
Looking at 4 hour chart for Bitcoin, we see few interesting and bullish signals in past 48 hours:
1) Stoch RSI at bottom for last 24 hours
2) MACD started to curl upward
3) Number of shorts going down, while the price of Bitcoin going down. To me this seems like someone is accumulating Bitcoin for a big move.
4) Bullish wedge formation
In case of bullish breakout, the target is $7400 where we see confluent zone of resistance.
Stop loss: $6520
Happy trading.
註釋
The Bitcoin volume on binance reached less than 40 million. THIS IS INSANE. Expect huge volatility when people go back to work. What I see here is people are slowly accumulating Bitcoin, and big players are hiding is so well without manipulating the price.
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