Welcome back traders,
This could be an opportunity for the breakout traders if Bitcoin is to break the 8.2k level
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Consider the following fundamentals as more reasons for smart money to be joining for the long run:
1.BTC is recently confirmed 0 beta asset
2.CME futures
3.Hashrate continue to increase (currently at ATH)
4.Inactive addresses parabolic (hodlers)
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Plus the technical factors:
We closed a full week over the main MA´s on the DAILY and Weekly timeframe.
We're trading above the 23.6% fib level which validades this fib, probability of a leg higher soon.
Currently there is much more buyers than sellers on the market. (Price going up)
Technicaly we broke out of the downtrend channel, the only one trendline remaining is the wick to wick resistance directly above at 8.7k.
-
If you enjoyed my analysis, please drop a like and follow, much apprechiated.
Let's enjoy this bull run !
-
Mariano
This could be an opportunity for the breakout traders if Bitcoin is to break the 8.2k level
-
Consider the following fundamentals as more reasons for smart money to be joining for the long run:
1.BTC is recently confirmed 0 beta asset
2.CME futures
3.Hashrate continue to increase (currently at ATH)
4.Inactive addresses parabolic (hodlers)
-
Plus the technical factors:
We closed a full week over the main MA´s on the DAILY and Weekly timeframe.
We're trading above the 23.6% fib level which validades this fib, probability of a leg higher soon.
Currently there is much more buyers than sellers on the market. (Price going up)
Technicaly we broke out of the downtrend channel, the only one trendline remaining is the wick to wick resistance directly above at 8.7k.
-
If you enjoyed my analysis, please drop a like and follow, much apprechiated.
Let's enjoy this bull run !
-
Mariano