Post
Ualifi Araújo
·
--
Bullish#BTC
Bitcoin continues to be stuck in this lateral channel between $68K/ $71K, but it seems we are getting stronger here and we can definitely start a movement to break $71K this time.
Today we had quick movements on both sides, but no surprises about that, as it couldn't be the bottom forming without these quick oscillations on both sides.
$70K needs to be maintained, and although we haven't done that for most of the time today, it still looks like a very good chart and continuation upwards is still much more likely.
Let's open the last candle of the day soon, it is extremely important, so... keep an eye on the daily close.
If we take a look at the weekly, the chart starts to look extremely optimistic, and the RSI has a lot to tell us there (If this is not the bottom, it is close to it).
It doesn't seem like this narrow price range will continue for much longer, either way... it will be broken. I still believe that we will do this on the 14th or very close to that.
Tomorrow we will have Payroll in the US, this is extremely important and will move the chart, if you are trading with leverage, keep an eye on that.
Many say we are following the old 4-year cycle, but they will be quick to change their minds as soon as we head back towards ATH. Obviously, they will have an excuse, they always do.
This is the kind of thing that experience speaks louder, so I will continue to follow the plan.
Follow level by level and do not rush, a wrong move here could be a big mistake.
Bitcoin continues to be stuck in this lateral channel between $68K/ $71K, but it seems we are getting stronger here and we can definitely start a movement to break $71K this time.
Today we had quick movements on both sides, but no surprises about that, as it couldn't be the bottom forming without these quick oscillations on both sides.
$70K needs to be maintained, and although we haven't done that for most of the time today, it still looks like a very good chart and continuation upwards is still much more likely.
Let's open the last candle of the day soon, it is extremely important, so... keep an eye on the daily close.
If we take a look at the weekly, the chart starts to look extremely optimistic, and the RSI has a lot to tell us there (If this is not the bottom, it is close to it).
It doesn't seem like this narrow price range will continue for much longer, either way... it will be broken. I still believe that we will do this on the 14th or very close to that.
Tomorrow we will have Payroll in the US, this is extremely important and will move the chart, if you are trading with leverage, keep an eye on that.
Many say we are following the old 4-year cycle, but they will be quick to change their minds as soon as we head back towards ATH. Obviously, they will have an excuse, they always do.
This is the kind of thing that experience speaks louder, so I will continue to follow the plan.
Follow level by level and do not rush, a wrong move here could be a big mistake.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.