BitcoinLong
🅱️ Volatility Explained, Binance Doom, Bulls Winning & More
The fact that Bitcoins volatility has increased is a positive sign, we are out of the consolidation/stagnation phase.
Now, where we go next from here can be argued; Bears will say down, Bulls will say up... But what about the charts?
And even after the biggest scammy CEX being hit, Bitcoin is trading at almost 27K.
Short-term moves and prices swings are just noise...
We should see Bitcoin back growing by the half of this month.
Note: This analysis is invalidated if Bitcoin moves and closes below the 6-June low. If this happens, refer back to the following analysis (Above $25,000 Bitcoin continues ULTRA-STRONG)
🅱️ Bitcoin, The Stock Market (SPX, NDX, DJI), USDT.D & Altcoins
🅱️ Bitcoin Bulls Confirmed All Timeframes -Daily Weekly Monthly
Leave your comments with your opinions and questions.
Binance had it coming, the market is too centralized, this is a positive and will help make Bitcoin stronger, don't you agree?
Namaste.
Now, where we go next from here can be argued; Bears will say down, Bulls will say up... But what about the charts?
- BTCUSD trading above its 27-March low is a strong bullish signal.
- The strong recovery 6-June tells us that the bulls are ready to buy everything the bears have to sell.
- The recent bullish divergence on the RSI is also telling;
- Volume is going in favor of the bulls.
- We have the iH&S pattern on the RSI:
And even after the biggest scammy CEX being hit, Bitcoin is trading at almost 27K.
Short-term moves and prices swings are just noise...
We should see Bitcoin back growing by the half of this month.
Note: This analysis is invalidated if Bitcoin moves and closes below the 6-June low. If this happens, refer back to the following analysis (Above $25,000 Bitcoin continues ULTRA-STRONG)
🅱️ Bitcoin, The Stock Market (SPX, NDX, DJI), USDT.D & Altcoins
🅱️ Bitcoin Bulls Confirmed All Timeframes -Daily Weekly Monthly
Leave your comments with your opinions and questions.
Binance had it coming, the market is too centralized, this is a positive and will help make Bitcoin stronger, don't you agree?
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
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🔝 Cryptocurrency Technical Analysis
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