BTC to 16,8 K in July!?
Hi Guys!
After a long break from posting, back with some bullish analysis today.
As we see on this 3 D chart on Bitstamp, BTC is in a bullish posture now.
If we break 12400 $ then I see no problem of breaking 13,8 k as all indicators such as RSI & Stoch have cooled down on the higher time frames. 1 D is turning up again and going from oversold to neutral and has enough room to run.
3 D and 1 W can stay overbought for a very long time in such parabolic phases.
Let us see what the market brings us this week. I see a lot of fireworks on the weekend!
Happy and safe trading!
Always place stop-loss and don't forget to take profits!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
After a long break from posting, back with some bullish analysis today.
As we see on this 3 D chart on Bitstamp, BTC is in a bullish posture now.
If we break 12400 $ then I see no problem of breaking 13,8 k as all indicators such as RSI & Stoch have cooled down on the higher time frames. 1 D is turning up again and going from oversold to neutral and has enough room to run.
3 D and 1 W can stay overbought for a very long time in such parabolic phases.
Let us see what the market brings us this week. I see a lot of fireworks on the weekend!
Happy and safe trading!
Always place stop-loss and don't forget to take profits!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
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