BTC break of bull flag!
Hey guys, the bulls get the the follow-through they were looking for: We have broken this beautiful bull flag to the upside on the 4H => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;) We're now clearly above EMA 12 & 26 on the 4H, in the Daily we have surpassed EMA 12 and are now looking towards the 26. Should we get above that and make to our new support, the bulls could gain momentum for a longer time frame => look at the trend reversal from April to 10k.
On the way to the trend reversal the next hurdle are the Daily Lower Highs at 6850 => A break of those will strengthen the trend reversal.
In the Weekly we're still far away from the EMAs -even the 12 EMA is right now at 7.400, the Lower Highs at psychological 7.777 => The bulls have much work to do here if they really mean it.
On the shorter time-frame we have now made a big jump, and can consolidate up to the 4H EMAs without any red flags. Since the bounce off the lows we've basically broken one prolonged bull flag to the upside. => A Daily Higher Low can come any time now & wouldn't pose any danger to the bulls, as long as we can keep the consolidation above 6250 on the Hourly Lower Highs.
I personally didn't play Bitcoin at all, but nephew EOS: first the break of 7.43, and then after this beautitful bull flag, the break of the neck line at 8.4, that I've been showing last monday already. EOS was unbeatable in terms of the profit: It made 10% on both bull flags each, grandpa Bitcoin has no chance regarding that, but still clearly states the direction.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;) I wish you a wonderful week & successful trading.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
On the way to the trend reversal the next hurdle are the Daily Lower Highs at 6850 => A break of those will strengthen the trend reversal.
In the Weekly we're still far away from the EMAs -even the 12 EMA is right now at 7.400, the Lower Highs at psychological 7.777 => The bulls have much work to do here if they really mean it.
On the shorter time-frame we have now made a big jump, and can consolidate up to the 4H EMAs without any red flags. Since the bounce off the lows we've basically broken one prolonged bull flag to the upside. => A Daily Higher Low can come any time now & wouldn't pose any danger to the bulls, as long as we can keep the consolidation above 6250 on the Hourly Lower Highs.
I personally didn't play Bitcoin at all, but nephew EOS: first the break of 7.43, and then after this beautitful bull flag, the break of the neck line at 8.4, that I've been showing last monday already. EOS was unbeatable in terms of the profit: It made 10% on both bull flags each, grandpa Bitcoin has no chance regarding that, but still clearly states the direction.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;) I wish you a wonderful week & successful trading.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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