Before we look the chart above, i called this price almost 1 month ago. You can see here;
Now, if we can close a strong green daily candle , we will have bullish divergence on DAILY chart. It means we MAY have bottom.
One of my conditions will meet.
I am not saying this is the bottom. But we will understand bottom that way. I am buyer here until 5.8-5.5 region.
Nothing change in my perspective. I was bullish as always. I am try to accumulate as much as i can.
Despite low price action, miners are not closing their machines. I can see it from Estimated Difficulty on blockchain. (Which is bullish sign)
Also you can check hash ribbons (indicator above RSI), they are about to crossing again to the positive side. (Which is bullish sign)
Also you can check out my analysis about BITFINEX LONGS here;
Follow, like and share for more... Thanks.
Now, if we can close a strong green daily candle , we will have bullish divergence on DAILY chart. It means we MAY have bottom.
One of my conditions will meet.
I am not saying this is the bottom. But we will understand bottom that way. I am buyer here until 5.8-5.5 region.
Nothing change in my perspective. I was bullish as always. I am try to accumulate as much as i can.
Despite low price action, miners are not closing their machines. I can see it from Estimated Difficulty on blockchain. (Which is bullish sign)
Also you can check hash ribbons (indicator above RSI), they are about to crossing again to the positive side. (Which is bullish sign)
Also you can check out my analysis about BITFINEX LONGS here;
Follow, like and share for more... Thanks.
