Hi traders! Looks like we are ready for the next bull run. BTCUSD is ready for another pump I can prove it with technical analysis. Please like and subscribe for more technical analysis.
Here are the reasons BTC is ready to pump:
1. History repeating itself
Yes, history likes to repeat itself. That is good. What is repeating itself? Look at the next numbers
2. Effective Divergence Indicator(v2, releasing anytime now) always show divergence on bottom
The Effective Divergence Indicator(v2) showed a divergence at every turning point. At the right part of the chart, we can see an early breakout in the trendline and a Dots bullish divergence.
3. Bitcoin REALLY likes 0.382 Fib retracement, price is sitting there
Based on the recent intraday pullbacks, BTCUSD really likes to end retracement at 0.382, which is very interesting. Based on this evidence, we can say that the price is ready to reverse into yet another bull run.
4. 8-MA of the low in the MA channel starts to turn, which is bearish
Looking at the previous numbers, the red line curves from going down to going up, which is bullish. The curves highlighted in white marker signified a change in trend. Right now we can see the curve too.
5. Price hits mid-channel support, bulls still alive
The bulls are still alive indeed. BTC is still in the channel plotted above. As long as this not break the trend is your friend.
6. Volume spikes signify end of pullback: it happened already
Volume spikes according to previous pullbacks signify the end of the down move. It just happened, so you may want to buy the dip and sell the top.
These are very bullish factors. History likes to repeat itself, and we should harness the power of History. What do you think? Drop comments below! Also, like and subscribe. Thanks!
Indicators used:
Effective Divergence Indicator v2(releasing in 1-2 days) by Trader_ph
MA channel developed by Jacob Bernstein
Here are the reasons BTC is ready to pump:
1. History repeating itself
Yes, history likes to repeat itself. That is good. What is repeating itself? Look at the next numbers
2. Effective Divergence Indicator(v2, releasing anytime now) always show divergence on bottom
The Effective Divergence Indicator(v2) showed a divergence at every turning point. At the right part of the chart, we can see an early breakout in the trendline and a Dots bullish divergence.
3. Bitcoin REALLY likes 0.382 Fib retracement, price is sitting there
Based on the recent intraday pullbacks, BTCUSD really likes to end retracement at 0.382, which is very interesting. Based on this evidence, we can say that the price is ready to reverse into yet another bull run.
4. 8-MA of the low in the MA channel starts to turn, which is bearish
Looking at the previous numbers, the red line curves from going down to going up, which is bullish. The curves highlighted in white marker signified a change in trend. Right now we can see the curve too.
5. Price hits mid-channel support, bulls still alive
The bulls are still alive indeed. BTC is still in the channel plotted above. As long as this not break the trend is your friend.
6. Volume spikes signify end of pullback: it happened already
Volume spikes according to previous pullbacks signify the end of the down move. It just happened, so you may want to buy the dip and sell the top.
These are very bullish factors. History likes to repeat itself, and we should harness the power of History. What do you think? Drop comments below! Also, like and subscribe. Thanks!
Indicators used:
Effective Divergence Indicator v2(releasing in 1-2 days) by Trader_ph
MA channel developed by Jacob Bernstein
Komentarz:
Wow. perfect prediction of reversal. excellent
