BTC Breakout
Diupdate
In 2017 BTC crash, it took 72 days for it to recover and make new ATH.
In this setup, the crash of 2021 began on may 9th, putting the same scenario as the last bull run, 72 days after may 9th end on july 20.
Price has not been able to break the trendline on the daily TF.
Stochastic indicator shows oversold levels, RSI is lower than 50 but staying in that zone which could mean a reversal is on sights.
ADX indicator is at 22, and if it goes under 20 it means that BTC is oversold, which could mean a reversal is on the works.
So i'm expecting a big breakout, since tomorrow we complete the 72 days since the market crashed, like last time.
In this setup, the crash of 2021 began on may 9th, putting the same scenario as the last bull run, 72 days after may 9th end on july 20.
Price has not been able to break the trendline on the daily TF.
Stochastic indicator shows oversold levels, RSI is lower than 50 but staying in that zone which could mean a reversal is on sights.
ADX indicator is at 22, and if it goes under 20 it means that BTC is oversold, which could mean a reversal is on the works.
So i'm expecting a big breakout, since tomorrow we complete the 72 days since the market crashed, like last time.
Trade aktif
BANG!!After 6 days btc, went up almost 30%. this breakout could be the beginning of a new and stronger bull run.
Note: the 72th day btc went down for a last time before the breakout, something to be careful about next time. but so far the trade idea was valid and it resulted in some nice profits.
Im still bullish and waiting for btc to climb even higher.
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