Bitcoin Bulls are still here, topping out at 6k region?
So my previous analysis worked out perfectly. So whats next? Well, Bitcoin is trying to hold that 5700 level and RSI on 1hr is preparing for another maybe last leg up.
The Tether FUD is not over yet. We saw delisting at IQFINEX for USDT, but nothing happend. Then again shorts are pilling up on Bitfinex. But think again, Finex will never allow them to make money in my opinion. I think they will Stophunt those shorts or even try to liquidate them. We can go up to 6400 on Finex, whilst on other exchanges we might go up to 6200. We see the same hidden bullish divergence wich brought us up from 5200 to 5800. That same hidden bullish divergence is in play now. Could we see one last pump before a good correction? i think that is very likely. Also around 6k and 6100 is algo sell targets for bots.
Yes we can have a retracement before a legup that is deff possibly, but i remain bullish. Lets see how this long develops further.
I am still in my long position and would take profits at the red box i drawed.
Safe trading!
Stef. Altcoinbase.
The Tether FUD is not over yet. We saw delisting at IQFINEX for USDT, but nothing happend. Then again shorts are pilling up on Bitfinex. But think again, Finex will never allow them to make money in my opinion. I think they will Stophunt those shorts or even try to liquidate them. We can go up to 6400 on Finex, whilst on other exchanges we might go up to 6200. We see the same hidden bullish divergence wich brought us up from 5200 to 5800. That same hidden bullish divergence is in play now. Could we see one last pump before a good correction? i think that is very likely. Also around 6k and 6100 is algo sell targets for bots.
Yes we can have a retracement before a legup that is deff possibly, but i remain bullish. Lets see how this long develops further.
I am still in my long position and would take profits at the red box i drawed.
Safe trading!
Stef. Altcoinbase.