Hello friends,
Before we get started, Please hit the like button if you got anything of worth out of reading this TA. Thank you for your support.
Interest is stirring as bears lose steam after a 1 year battle between the bulls and bears.. We are seeing much support at the $3400.00 level and it would seem that the bear market is coming to an end. This signal will bring out the bulls and hopefully push bears into hibernation. We have endured the winter for a year (less 2 days) and experienced the wrath of the bears hunger for blood. We bore witness as BTC plummeted from an ATH of $19798.68 (Dec 17, 2017) too ATL of $3156.26 (Dec 15, 2018). Since then BTC pushes up from $3156.26 to $4198.00 and has bounced approximately between $4000.00 and $3400.00 within the last month and a half. I had noticed Jan 30th a possible formation of a cup and handle pattern. The cup and handle seemed to have been the needed signal which has set up for what we are seeing as a reversal for BTC
Monthly Chart
February Green Candle Good timing as spring approaches :P
RSI 47.0979
Daily Chart
MACD is about to break through zero magnito
RSI in buy zone at 50
50 EMA breached Feb 08, break through is eminent.
Ascending Price channel higher highs and lows.
Bullish engulfing swallowed up 28 days of candles followed up by a spinning top signals a continuation upward.
4 hr Chart
Refer to the chart for details.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Before we get started, Please hit the like button if you got anything of worth out of reading this TA. Thank you for your support.
Interest is stirring as bears lose steam after a 1 year battle between the bulls and bears.. We are seeing much support at the $3400.00 level and it would seem that the bear market is coming to an end. This signal will bring out the bulls and hopefully push bears into hibernation. We have endured the winter for a year (less 2 days) and experienced the wrath of the bears hunger for blood. We bore witness as BTC plummeted from an ATH of $19798.68 (Dec 17, 2017) too ATL of $3156.26 (Dec 15, 2018). Since then BTC pushes up from $3156.26 to $4198.00 and has bounced approximately between $4000.00 and $3400.00 within the last month and a half. I had noticed Jan 30th a possible formation of a cup and handle pattern. The cup and handle seemed to have been the needed signal which has set up for what we are seeing as a reversal for BTC
Monthly Chart
February Green Candle Good timing as spring approaches :P
RSI 47.0979
Daily Chart
MACD is about to break through zero magnito
RSI in buy zone at 50
50 EMA breached Feb 08, break through is eminent.
Ascending Price channel higher highs and lows.
Bullish engulfing swallowed up 28 days of candles followed up by a spinning top signals a continuation upward.
4 hr Chart
Refer to the chart for details.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
Comment:
Fooled again. Bull flag deception is really called the "Bart" pattern. Here is a read up on it.
