Trendlines are the simplest but also the most effective tool in trading, over the years I have lost time and money looking for the perfect indicator when instead the simplicity and effectiveness of trendlines never fails ... of course there are other excellent indicators, but nobody ever is as powerful as trendlines, so ... just follow the trend :) #Bitcoin
The trend is absolutely bullish on all timeframes, waiting for a close above the base line will give us further confirmation of the direction that Bitcoin will take, however the bulls are very strong currently
As published yesterday the trendline has been broken and the price is traveling above the cloud, if the price remains stable or continues to rise until tomorrow we should see 62K very soon
The trendline has been broken, it looks very promising in the short term, let's see if it is the beginning of a new positive trend
Bitcoin is dancing below the base line but still above the fib support, it wouldn't surprise me another hit down to 40K, what is certain is that the trend is still bullish and the next resistance will probably be around 72-75K