Grayscale bitcoin ( $GBTC 1D) still bullish ?

A lot can be said from the chart but this is just an update. Made a Thursday, not the most important trading day of the week.
Friday will guide weekly close.

Stochastic print a slight bullish div + crossing up from the lower region.

RSI making a reversal patern should now trend upward.

weekly close still at play.

cutesy reversing diamond. Lower timeframe should give a better view of what happen that lead to the trend change but I won't get into it here.
Daily close above the 200-day EMA. (blue one)

To me all of this is bullish short term.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on Tradingview

Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said and done from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.

Kommentera:

Bitcoin is a headache. One day I'm targeting 20K, 4k the next...
I 'm bullish on this chart but one things is always bothering me and that is The 2019 gap at 5.0266.

Now with the H&S that I drew there is a clear pattern that can lead us there but it is only valid after a break below the neckline.
At least we have a clear invalidating point of this bearish omen. if the price close above the right shoulder that is 11.1233

Trade stängt: målet nått:

the gap is closed, now we will see what bitcoin is made of