In fact the bears seems to find a lot of difficulty having Bitcoin to retrace - this is EXTREMELY bullish in my opinion. I do not believe my previous target of 7,800 will hold as resistance and I believe Bitcoin may go up to 9,000 before the retracement happens.
There are three more factors which indicate to me that we may have seen the bottom already and entering a bull market right now:
1. Wyckoff accumulation Phase C is finishing and we are about to enter Phase D
2. We are seeing 6 daily green bullsh candles in a row - the last time we saw this happen was back in June 2017
3. Bitcoin dominance is at 45.2% right now - this is a precursor to a Bitcoin bullrun where altcoins dump into Bitcoin in anticipation for the King to go on a rally before distributing to altcoins again
There are three more factors which indicate to me that we may have seen the bottom already and entering a bull market right now:
1. Wyckoff accumulation Phase C is finishing and we are about to enter Phase D
2. We are seeing 6 daily green bullsh candles in a row - the last time we saw this happen was back in June 2017
3. Bitcoin dominance is at 45.2% right now - this is a precursor to a Bitcoin bullrun where altcoins dump into Bitcoin in anticipation for the King to go on a rally before distributing to altcoins again
Not
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.