Hello guys,
Currently working on a project so not around for a lot.. Bitcoin is looking good now, it looks as if we retraced and accumulated enough for another pump. My comment on the abnormal pump Bitcoin did lately would be that when Bitcoin started rising last year most of its waves were this abnormal too, so this may be the way Bitcoin goes up when we are in a bull market. But we still don't have full confirmation of a big bull market yet. Indicators:
- STOCH RSI- OVERSOLD
- STOCH - Going to OVERSOLD area
- EWO - BULLISH DIVERGENCE
Pattern:
After the big spike we did it looks like we have found support around this price. So if we would have a descending line it almost seems like we are will have a run to the peak of the falling wedge if we keep to this supports which I think we will because of the bullish indicators so soon we can see 7kish area but if this is the big bull cycle we coiners were looking for we should move 7k+!!
Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;)
Be a turtle my friend © Farhad Jafarov
Currently working on a project so not around for a lot.. Bitcoin is looking good now, it looks as if we retraced and accumulated enough for another pump. My comment on the abnormal pump Bitcoin did lately would be that when Bitcoin started rising last year most of its waves were this abnormal too, so this may be the way Bitcoin goes up when we are in a bull market. But we still don't have full confirmation of a big bull market yet. Indicators:
- STOCH RSI- OVERSOLD
- STOCH - Going to OVERSOLD area
- EWO - BULLISH DIVERGENCE
Pattern:
After the big spike we did it looks like we have found support around this price. So if we would have a descending line it almost seems like we are will have a run to the peak of the falling wedge if we keep to this supports which I think we will because of the bullish indicators so soon we can see 7kish area but if this is the big bull cycle we coiners were looking for we should move 7k+!!
Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;)
Be a turtle my friend © Farhad Jafarov