Short-term picture is setting the basis for a bullish long-term
Hello there, here is my view for BTCUSDTPERP. Enjoy!
This chart is referring to my previous big picture, so please go and give a look at that too.
Trump looks like he has recovered from some health issues caused by COVID-19 infection; I believe this is a bullish fundamental for all the market, especially with presidential elections taking place in less than one month.
On current chart price action is moving inside an ascending parallel channel and a rising triangle is forming on smaller frames. Trend (based on adx-di and rsi) looks still bearish by now on h4/daily, while has changed on smaller frames; on chart breakout quote is the green rectangle, which is still the main target for next move. Bullish momentum is being gained, as macd clearly states.
Ichimoku cloud is now acting as a resistance on h1/h4, but it is getting thinner as well, so it won't work properly as is. Bollinger upper band on h1, which breakout would result in a rise in volatility, is gaining strength as a resistance as it is getting closer and closer to 10635 level, where supply zone starts. Other than this, mid band was recently broken out on h4 and is still supporting the price on h4 as well as on h1.
HullMA and EMA 200 are now curving up on h1, suggesting a bullish week in seek.
Trading strategy:
Long it around 10580, targeting 106500 first, 10840 then. Stop must be set below 10560 if taking a leveraged scalp, 10500 if holding the long based on the bullish big picture.
Hope you liked this little bullish analysis, see you on next prediction!
Trade safe and make some money. Anlvis
This chart is referring to my previous big picture, so please go and give a look at that too.
Trump looks like he has recovered from some health issues caused by COVID-19 infection; I believe this is a bullish fundamental for all the market, especially with presidential elections taking place in less than one month.
On current chart price action is moving inside an ascending parallel channel and a rising triangle is forming on smaller frames. Trend (based on adx-di and rsi) looks still bearish by now on h4/daily, while has changed on smaller frames; on chart breakout quote is the green rectangle, which is still the main target for next move. Bullish momentum is being gained, as macd clearly states.
Ichimoku cloud is now acting as a resistance on h1/h4, but it is getting thinner as well, so it won't work properly as is. Bollinger upper band on h1, which breakout would result in a rise in volatility, is gaining strength as a resistance as it is getting closer and closer to 10635 level, where supply zone starts. Other than this, mid band was recently broken out on h4 and is still supporting the price on h4 as well as on h1.
HullMA and EMA 200 are now curving up on h1, suggesting a bullish week in seek.
Trading strategy:
Long it around 10580, targeting 106500 first, 10840 then. Stop must be set below 10560 if taking a leveraged scalp, 10500 if holding the long based on the bullish big picture.
Hope you liked this little bullish analysis, see you on next prediction!
Trade safe and make some money. Anlvis
Trade active:
Currently running 1.1% in profit, move your stop to 10603 and consider partly unloading your position here.