Bitcoin’s Surging Price Action
Hey guys,
What’s this guys? Optimism in the crypto community?
After Bitcoin broke out of resistance, price has actually looked really strong. Get around it!
So, if you have been living under a rock and missed the breakout I’ve been talking about on the blog, take a look at the daily first below:
BTC/USD Daily
Look at how beautiful that big, green daily candle looks. It truly is a thing of beauty.
Yeah so I’m a weirdo. What of it?
Now zoom into an hourly and look at the intraday price action, which quite frankly, is just as inspiring:
BTC/USD Hourly
I’m really liking the way that after the breakout, price continues to surge. There’s two more clear surges after the breakout on that chart which I’m sure you can see.
Price has now pulled back into that first major area of consolidation and to show REAL strength, needs to bounce out of here and surge again for another day.
Come on Bitcoin lad!
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
bitcoin,continue ur momentum!
Lots of other cryptocurrencies could land an ETF approval which is boosting up most popular coins and speculation is increasing throughout the crypto-space as well.. We could be seeing the next major bull run. What do you think?
Hey, man nice work! I am doing something similar - daily crypto update, weekly update, trade ideas and forecasts. Check out my introduction if you are interested in learning more about me and my work:
Introduction: Cryptocurrency Analysis from a Professional Trader Who Predicted the Market Crash back in January!
https://steemit.com/introduceyourself/@drumsta/introduction-cryptocurrency-analysis-from-a-professional-trader-who-predicted-the-market-crash-back-in-january
Crypto hoomans are getting optimistic about cryptocurrencies once again. It was confirmed that the ETF is postponed till September 15, but I believe it has some effect on the prices.
It will be fun to see where the price goes after consolidating. Looking forward to more analysis ;)