This may be the shortest but one of the more exciting ideas I've posted. Bitcoin since making its higher high at 31818 has shown signs of bullish strength on the daily and smaller time frames. And although we have seen some bullish price action, the follow thru has been at a minimum until possibly now.
The higher time frames, that being the 3 day and the weekly, are showing that we have just entered an extremely profitable time period for the bitcoin miners. According to the hash ribbons, we have a buy signal and these are signals that do not flash often. The last one that appeared on the higher time frames occurred in January, 8 months ago. It is at that time when this entire rally up to 31818 began.
Keep an eye on the close today as it will close both the 3 day and the weekly.
If the supply wall I have illustrated can be broken, we have a lot of strong bullish confluence to take a trade off of going to the last part of Q3.
The higher time frames, that being the 3 day and the weekly, are showing that we have just entered an extremely profitable time period for the bitcoin miners. According to the hash ribbons, we have a buy signal and these are signals that do not flash often. The last one that appeared on the higher time frames occurred in January, 8 months ago. It is at that time when this entire rally up to 31818 began.
Keep an eye on the close today as it will close both the 3 day and the weekly.
If the supply wall I have illustrated can be broken, we have a lot of strong bullish confluence to take a trade off of going to the last part of Q3.
