Bitcoin finally broke up and out of the wedge it’s been consolidating in over the past 2 weeks.
Zooming out on the monthly chart, we can see the last swing high (approximately $8,480) was created back in July of 2018. Price has now officially taken out the prior swing high (on the monthly) of the bear market. In my opinion, this confirms the bottom is in.
Looking at the weekly chart, we can see the 21 week EMA is about to cross above the 55 week EMA…a very bullish indication. That said, we can also see just how extended price is, well above the upper weekly Bollinger band.
Zooming into the daily chart, we can see bearish divergence on the RSI and MACD.
In today’s analysis I discuss where price may be heading from here, traps to avoid, targets and so much more. I hope you find it helpful.

Tips are always appreciated, but never necessary.
Tip Jar:
ETH: 0xf08B98a68A05FC4aDF6337921444Af4f3355dD93
EOS: coinbasebase (Please include this memo: 1082185369)
BNB: bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 (Please include this memo: 100774688)

If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. Sign up with my referral code here: Or you can sign up without my referral code here:

Brave is one of the safest, ad free browsers ever created. Help support the crypto ecosystem while getting paid to watch ads. Download free the latest version with my referral here: . Without my referral here:

Follow me on Twitter:


Products You May Like

Articles You May Like

Bitcoin RUN TO $12K CONFIRMED?! ✅- LIVE Crypto Trading Analysis & BTC Cryptocurrency Price News 2019
Grant Cardone, is bitcoin a good investment?
Trading Bitcoin – While Hiking Iceland Waterfalls
Roll Wants to Take Power From YouTube With Cryptos for Content Creators
Senate Banking Committee Schedules July Hearing on Facebook’s Libra Crypto

Leave a Reply

Your email address will not be published. Required fields are marked *