O M G ! Bitcoin Breaking Out From thE Long Downtrend .
Hello Traders, I'm back with a new chart. Bitcoin is completely breaking out from the long downtrend. Price fail to breakout the small resistance $6500 zone.From the month of may, the price of the bitcoin started a downtrend , reach the AllTimeLow @5748 .
Prev. Year the price of the bitcoin reach from $5700 to $7700 from this support level & Which was AllTimeHigh Of the Month NOV2017.
This $5700 level is a very good support for now.
Technically, the price breakout the downtrend so we can see the bullish rally from the month of July.
A Divergence found in the RSI, Which was a bullish sign,
MACD looks like goes to crossover & Histogram forming towards up .
RSI is just near the oversold zone.
For now $7100 is a major resistance.
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Disclaimer:
I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
" Be Happy, Be Disciplined & Keep Smiling "
Prev. Year the price of the bitcoin reach from $5700 to $7700 from this support level & Which was AllTimeHigh Of the Month NOV2017.
This $5700 level is a very good support for now.
Technically, the price breakout the downtrend so we can see the bullish rally from the month of July.
A Divergence found in the RSI, Which was a bullish sign,
MACD looks like goes to crossover & Histogram forming towards up .
RSI is just near the oversold zone.
For now $7100 is a major resistance.
*****If You Like My Ideas,then hit the like button & Follow me for Latest Updates..******
Disclaimer:
I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
" Be Happy, Be Disciplined & Keep Smiling "
