Bitcoin Price Broke Up Resistance and Reached All Time High
There was resistance line on Bitcoin price chart coming from old all time high levels. I shared a few analysis about Bitcoin price chart and said I did not wait all time high in Summer. But I was wrong. I did not expect that Bitcon price would break up this resistance. Because It was early..
Here you can see daily chart of Bitcoin price. After breaking up this resistance, Bitcoin price got green daily candle. I may be the confirmation of breaking up this resistance.
Here you can see the indicators on daily chart of Bitcoin. Bitcoin price moved not as past. I was waiting for same pattern on RSI Indicator as before. It broke up the top level of consolidation channel. Fisher Indicator reversed up on the top. MACD Indicator did not reverse down and still going up. These are mega bullish signals on the indicators. We may see this uptrend line until end of this month.
As I said I was not waiting for this bullish move. It happened. It may take short time. I will focus the new bowl pattern on RSI Indicator.
I am waiting price dump on crypto and stock market at the end of this month. I will focus this analysis and I will share it..
I saw downtrend pattern in a few chart of majors. I will share them.
We will see..
Great post! Featured in the hot section by @punicwax.