Bitcoin 2020 Rally ON! Weekly Chart shows it...
Bitcoin BTCUSD just breaking out above 9000. It appears to have momentum in the hourly charts, enough to to break above, stay above and to close the week above 9000.
This is a very significant level for the next phase as it appears as a confirmation qualification for a major rally to 18000.
The Weekly BTCUSD chart is very reliable and captures less volatility spikes. Signals on the weekly chart also allows better and more robust analysis and signals in the long term.
At the time of writing, there is significant and higher than usual probability to indicate a start of the next rally. And just before publishing, BTCUSD just broke above 9000!
You can see a (previously repeated) breakout pattern supported by the MACD and OBV.
Note that there is a lead rotation between BTC and Alt coins such as LTCUSD (Litecoin) and ETHUSD (Ethereum).
See also ETHUSD and LTCUSD WEEKLY charts!
Overall, in summary, this one worth keeping your eye on... Time is NOW.
HEADS UP!
This is a very significant level for the next phase as it appears as a confirmation qualification for a major rally to 18000.
The Weekly BTCUSD chart is very reliable and captures less volatility spikes. Signals on the weekly chart also allows better and more robust analysis and signals in the long term.
At the time of writing, there is significant and higher than usual probability to indicate a start of the next rally. And just before publishing, BTCUSD just broke above 9000!
You can see a (previously repeated) breakout pattern supported by the MACD and OBV.
Note that there is a lead rotation between BTC and Alt coins such as LTCUSD (Litecoin) and ETHUSD (Ethereum).
See also ETHUSD and LTCUSD WEEKLY charts!
Overall, in summary, this one worth keeping your eye on... Time is NOW.
HEADS UP!
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