MUST BREAK LEVEL FOR BTC

29 ביולי 2021

Bitcoins went on a beautiful run after i predicted we would see 28k before we see 40k and now we are sitting right below a very crucial level for BTC, at some point in the coming days we definitely need to break through this 40-41K level or the 0.3 FIB. A break and hold of this level will turn my sights fully bullish as we have been stuck in a sideways trend from 30K-40K for a couple months now. Looking at the bollinger bands we have took a very big ride up the top of the bands like i talk about a lot of the time, we had enough momentum to reach the 0.3 FIB but seems like we ran out of gas for the time being, i figure we could see a couple cooloff days like we are seeing today or even a single red day before we keep pushing up, remember that we need structure and can't simply go up without creating any supports or getting footing. The MACD looks very bullish with our histogram printing big green bars getting taller and taller on each one and our Blue MA has completely taken off away from the orange which is definitely a positive sign and gives us room to have a couple cool off or bearish days without actually getting a bearish cross. Also what i noticed on the Hash ribbons one of the most powerful and accurate indicators is that we see the capitulation starting to shrink, the ribbon is starting to come back together and at some point when the bottom ribbon crosses the top we should get that legendary buy signal which has led to some serious gains in the past, in recent runs we haven't really ever seen a capitulation period this large before and what im thinking is that we could be in for a absolutely massive run once this is over! Not financial advice just my opinion!