This Signals Proofs Bitcoin Will Continue Straight Up...

17 Jul 2022

At every juncture, we are all wondering...

Will Bitcoin continue growing or are we back to the May and June bad weather?

If you were resilient and strong, stable and bold while prices recovered at $18,900 in a higher low, compared to $18,500 30-June and $17,600 18-June, then above $20,000 we are really strong.

With the recent bullish breakout, even more so...

Anyways, this is not the point let me show you the chart.

MA200 is an imoprtant level for all cryptos and this level was conquered 15-July 4H TF, it was tested again yesterday as support and it held.

Any trading above MA200 ($20,474) and we are stronly bullish.

Even if prices move lower, we still have the 0.5/0.618 Fib. reatracement levels as support.
($19,900 and $19,400 respectively)

With a strong RSI and no bear pressure...

This type of price action smells to be just consolidation.

Keep in mind that the longer Bitcoin takes to fully breakout the more people become desperate and fold.

If you want even more details as to why it is possible for Bitcoin to continue straight up, see the Ethereum Classic Leads article below:

That's it my friend.

Tomorrow a new week starts... Hopefully green but we adapt to whatever the market does.

Patience is key to win.

Thanks a lot for the continued support.

Namaste.