September might be awesome for BTC
BTC MONTHLY CHART:
Alrighty, so here is what I see...
-Large falling wedge
-Last 5 months and soon September, in a rising channel.
-RSI is high, but not in the overbought area yet
-MACD is flipping with recent crossover
-TTM going back to positive with increasing stochastic, almost high
-Lower than average relative volume, but greater than June and July
-High and green OBVM ... no Vol Flow data...
-CMF going from negative to positive
My view?
Increasing momentum after minor consolidation,
about to break our bullish from the wedge while riding in the channel.
In September BTC may be entering the next Fibonacci area,
which would be nice considering it is in the 11500-13500 range.
Other possibility is we remain in the wedge, bot quite breaking out yet,
just touching the next area with a wick and not candle body.
Alrighty, so here is what I see...
-Large falling wedge
-Last 5 months and soon September, in a rising channel.
-RSI is high, but not in the overbought area yet
-MACD is flipping with recent crossover
-TTM going back to positive with increasing stochastic, almost high
-Lower than average relative volume, but greater than June and July
-High and green OBVM ... no Vol Flow data...
-CMF going from negative to positive
My view?
Increasing momentum after minor consolidation,
about to break our bullish from the wedge while riding in the channel.
In September BTC may be entering the next Fibonacci area,
which would be nice considering it is in the 11500-13500 range.
Other possibility is we remain in the wedge, bot quite breaking out yet,
just touching the next area with a wick and not candle body.
Catatan
Man, so many typos.... probably should have had someone else proof read it.Oops!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.