Mushfiq

BTC mama is recovering but not out of danger yet

BITFINEX:BTCUSD   比特币/美元
BTC is looking better than yesterday which was an absolute bloodbath. We need to break the resistance and get back to the Keltner Channel. The DI- (orange) has dropped below 40 now which shows good sign. I still expect to see an uptrend in a day or two. Few more candles around 0.5 Fibonacci line would be good sign as it will break the trend line , but who knows the market right?

*This is not a financial advice. Trade safe.
评论: We broke the trend line. :)
Things are looking good in the 1H chart. DI+ and DI- are crossing. But I would prefer to wait for the confirmation in the 4H chart and maybe a small pullback to find a strong uptrend. Unfortunately, the tradingview play button is not working to follow through the chart so I'm posting the charts here.

4H: Need to wait for confirmation. Couple of candles more...
Are we not back in the Keltner Channel now ?
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Mushfiq crypto008
@crypto008, For the 4H chart not yet completely. But bulls are trying to push hard. Just updated the post. Let's hope for the best! thanks
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crypto008 Mushfiq
@Mushfiq, Thanks great posts :)
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Mushfiq crypto008
@crypto008, My pleasure!
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