Bullish on Bitcoin: this spike was necessary and quite important!
And.. we have a winner. In my last post I've spoken about the critical point that Bitcoin was at and that it had to make a move, a breakout or a breakdown. It turned out to be a positive move this time. We just had a very strong spike of 23% in BTC's price, which could mean that it is over with the bearish momentum and the market will slowly turn bullish again. 7800$ was our highest right now, but now we're back to the September's peak at 7300$ (Bitfinex).
BTC/USD:
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Moving Averages:
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Ichimoku Cloud on the daily: with this strong spike, we could see a bullish Tenkan cross, meaning blue above red above cloud. Also, the cloud seems to be closing (once again) and this time it could be for real. Remember: the red cloud is above us since March 06! This is the only spike that actually made it above the cloud.
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These are some of the exchanges I use:
(you can support my work by registering via these links)
- Bitfinex - my most used exchange
- Binance - most popular exchange
- Kucoin - excellent exchange, rising in popularity
- Gate - for small cap / new coins
- Huobi - margin trading
- Coinexchange - big variety of coins
ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!NEVER HAVE THE SAME PASSWORD TWICE!SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES! MANY GOT FOOLED AND LOST A LOT OF MONEY!Thanks for reading and safe trading!✌
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