Bitcoin Looks Like it Wants to go Bullish Again!
Traders,
For the first time since November, I am starting to see small signs that Bitcoin wants to turn bullish again. To me, it appears that Bitcoin has touched and tested our bottom line of support (BLACK ascending trend line) one last time and is now ready to move up. The last touch provided the market with enough of an impulse to move up and through descending resistance(s) (PURPLE TREND LINES). We are now performing patented technical analysis as the market moves back down to touch previous resistance which is now support. Once this has occurred, we can expect a second impulse to the upside. Will this be enough to advance us out of the "FUD ZONE" and into more bullish territory? I think this week will tell us the rest of this story.
- Stew
For the first time since November, I am starting to see small signs that Bitcoin wants to turn bullish again. To me, it appears that Bitcoin has touched and tested our bottom line of support (BLACK ascending trend line) one last time and is now ready to move up. The last touch provided the market with enough of an impulse to move up and through descending resistance(s) (PURPLE TREND LINES). We are now performing patented technical analysis as the market moves back down to touch previous resistance which is now support. Once this has occurred, we can expect a second impulse to the upside. Will this be enough to advance us out of the "FUD ZONE" and into more bullish territory? I think this week will tell us the rest of this story.
- Stew
Stewdamus Trades -
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
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