ZILBTC still looking bullish in near term timeframes
Further to previous publications
As you can see, the Green MA is now higher than the White Energy in this set of timeframes 1d, 2d, 3d, 4d. This is a bullish sign. Furthermore in the 4d we can see that the White Energy has turned up with the Green moving strongly above. As predicted, the price action has already wicked above the upper red Bollinger Bands.
Currently I can see no clear indication of continuation or reversal in the higher timeframes but can see potential for them to develop bullish. We still need time and should concentrate on the near term timeframes for now. It is still possible we may see a repeat of the move from the 8th June - a strong pump marking the start of a reversal.
We do also have a possibility of the Red RSI closing above 56 in the 8d - this would provide a good indication of continuation until the White Energy drops below around 85-90 in this timeframe.
I am posting this just as an observation and marking it long for this set of near term timeframes only.
Personally this is a long term hold for me and I am not suggesting making any trading decisions based on this analysis.
As you can see, the Green MA is now higher than the White Energy in this set of timeframes 1d, 2d, 3d, 4d. This is a bullish sign. Furthermore in the 4d we can see that the White Energy has turned up with the Green moving strongly above. As predicted, the price action has already wicked above the upper red Bollinger Bands.
Currently I can see no clear indication of continuation or reversal in the higher timeframes but can see potential for them to develop bullish. We still need time and should concentrate on the near term timeframes for now. It is still possible we may see a repeat of the move from the 8th June - a strong pump marking the start of a reversal.
We do also have a possibility of the Red RSI closing above 56 in the 8d - this would provide a good indication of continuation until the White Energy drops below around 85-90 in this timeframe.
I am posting this just as an observation and marking it long for this set of near term timeframes only.
Personally this is a long term hold for me and I am not suggesting making any trading decisions based on this analysis.
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See previous analyses in this series
