Bitcoin Daily (1)
- considering this Fibonacci retracement on the May - August period, we can see that Bitcoin bounced two times exactly in the golden pocket area, between the 0.618 & 0.65 retracement levels, with a similar 'Swing low' pattern in both cases
- the 21 day EMA (yellow) is bouncing again above the 55 day EMA (blue) and it seems to continue with a further rally, supporting the price action
- the MACD had a bullish cross at the signal line and the bullish MACD - Histogram seems to be getting stronger
- the RSI is approaching the upper reference line again, not showing any bearish divergences
Bitcoin Daily (2)
- looking at the Ichimoku Cloud, we can see that we're out of the cloud again, with the Tenkan shyly crossing the Kijun
- the OBV perfectly maintained the support at the bottom of the descending triangle, which enforced the probability of a bounce, rather than a further downtrend
Thanks for reading!
My most used Exchanges:
- Bitfinex - My most used exchange & Margin Trading
- Binance - Most popular exchange & Top Altcoins
- Kucoin - Excellent exchange, rising in popularity
- Gate - For small cap / New coins
- Huobi - Margin trading
- Coinexchange - Big variety of low-cap coins
- Tokok - Here you can find NEX!
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NEVER USE THE SAME PASSWORD TWICE!
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Thanks for reading and safe trading!✌
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