Hello Traders!
Late but an update on Bitcoin!
Times ticking break outs coming…
Points to consider
- Trend is technically putting in higher lows
- Bull impulses getting smaller, Breakout Imminent
- Volume rapidly declining
- RSI neutral
- Stochastics neutral
- EMA’s neutral
- Still no trade till breakout
Bitcoin really is on the verge of a breakout as all technical indicators are pointing towards a massive movie.
Price has technically being putting in higher lows coming into its apex in the macro chart formation. Volume noticeably has been declining, which further indicates a breakout is upon fruition.
Other indicators such as the RSI and Stochastics are quite neutral at current given time – calm before the storm scenario…
The EMA’s aren’t really giving price any support nor resistance, it’s simply trading sideways with Bitcoin…
A breakout is highly imminent before the 9th of October as this is the very end of the apex in this macro structural formation...
What are your thoughts? Will Bitcoin breakout bullish or bearish?
Please leave a like and comment
And remember,
When everything seems to be going against you, remember that the airplane takes off against the wind, not with it. – Henry Ford
Late but an update on Bitcoin!
Times ticking break outs coming…
Points to consider
- Trend is technically putting in higher lows
- Bull impulses getting smaller, Breakout Imminent
- Volume rapidly declining
- RSI neutral
- Stochastics neutral
- EMA’s neutral
- Still no trade till breakout
Bitcoin really is on the verge of a breakout as all technical indicators are pointing towards a massive movie.
Price has technically being putting in higher lows coming into its apex in the macro chart formation. Volume noticeably has been declining, which further indicates a breakout is upon fruition.
Other indicators such as the RSI and Stochastics are quite neutral at current given time – calm before the storm scenario…
The EMA’s aren’t really giving price any support nor resistance, it’s simply trading sideways with Bitcoin…
A breakout is highly imminent before the 9th of October as this is the very end of the apex in this macro structural formation...
What are your thoughts? Will Bitcoin breakout bullish or bearish?
Please leave a like and comment
And remember,
When everything seems to be going against you, remember that the airplane takes off against the wind, not with it. – Henry Ford
