Bitcoin bullish dragonfly doji candlestick on daily
- The yesterday daily candlestick formed a Dragonfly Doji which usually indicates the bottom of downtrends and a trend reversal.
- We can see that we touched also the low from 21th september (39600$).
- The momentum indicate a bullish divergence and a buy signal (green dot).
- Yesterday Crypto Fear & Greed Index reached a low of 10. Not seen since 21th july.
- We can expect a heavy volatility today because of Powell speech which can give us a retest of 40k$ before the beginning of the new bull run.
- Tomorrow will be released the CPI (Consumer Price Index), forecasted at 7.0% (previous 6.8%). A higher than expected reading should be taken as positive/bullish, while a lower than expected reading should be taken as negative/bearish.
The next resistances are at 44000$, 45900$, 48000$, 50800$
- We can see that we touched also the low from 21th september (39600$).
- The momentum indicate a bullish divergence and a buy signal (green dot).
- Yesterday Crypto Fear & Greed Index reached a low of 10. Not seen since 21th july.
- We can expect a heavy volatility today because of Powell speech which can give us a retest of 40k$ before the beginning of the new bull run.
- Tomorrow will be released the CPI (Consumer Price Index), forecasted at 7.0% (previous 6.8%). A higher than expected reading should be taken as positive/bullish, while a lower than expected reading should be taken as negative/bearish.
The next resistances are at 44000$, 45900$, 48000$, 50800$
Trade closed: target reached:
44035$ reached
