#Bitcoin trends upwards, and that's a strong signal for the markets to continue to move.
It's making a new high, the highest price point in more than a month.
No acceleration yet, why not?
It's very simple: It needs to break the $67K high of last month in order to be accelerating on the price action, as there's a big gap towards $73,000 from there.
If that move happens this month, it's going to be making a strong monthly engulfing and the bottom is in.
$BTC keeps repeating the same cycle.
Every time price reaches the previous ATH, it spends time building a base, briefly trades above and below that level, then launches into the next leg higher.
I'm expecting history to repeat.
๐ https://t.co/dpmyMdELo5
$BTC basically needs a breakout above $71.8k to confirm a relief rally.
Today's candle was nice, but let's see some follow-through on the $71.8k horizontal level.
๐
The most valuable chart in the markets: #Bitcoin vs. Gold.
In history, bear markets last 14 months.
In this case; we're in month 14.
The lowest RSI on weekly, monthly, two-weekly and 3-day ever recorded.
Probably nothing.
#BTC Bottom Cycles
It has always been simple & straightforward with #Bitcoin
Exactly one year (to the day) after every obvious top, YOU BUY Bitcoin (accumulate and build your full position over the next couple of months).
Congratulations, you'll soon be rich!
(be sure to name a kid of yours after me)