Bullish signal of trend continuation

27 janv. 2021

Important signs:
1) Falling wedge (need to break to confirm);
2) EMA 50 holding above 30k (bullish);
3) RSI holding above 45 level (bullish);
4) MACD going to neutral (bullish, indicates a healthy correction);
5) Institutional investors are buying the dip.

Ps: daily candle closing below U$30.000 will make me bearish, in the short term.

27 janv. 2021

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EDIT***
Daily candle closing below U$28.000 will make me bearish , in the short term (not 30k).
-> 28k = BOTTOM of the Falling Wedge

29 janv. 2021

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BULLISH BREAKOUT confirmed!
First target: U$44.500

29 janv. 2021

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Major resistance at U$37.700.
Daily candle closing above U$37.700 put us to VERY BULLISH scenario.

30 janv. 2021

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Bitcoin is retesting the top of falling wedge.
Now, we need to see the next daily candles, to confirm the bullish scenario.
Price holding above EMA 50 (U$33.200) is a good signal.

2 févr. 2021

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Falling wedge breakout + BTC holding above EMA 50.
Bullish signal.

3 févr. 2021

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First target (U$44.500) is on the way

8 févr. 2021

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Bitcoin hit the first target, now! :)