Bitcoin “Supertrend” Begins As Buy Signals Stack On All Major Timeframes
Bitcoin price is above $60,000 and bears are in disbelief. But they shouldn’t be, as bulls have long been in control of the trend. It had only been lower timeframes that had flipped bearish, while the most dominant trend had remained up. According to the Supertrend, all of the most important timeframes have since flipped bullish, with buy signals appearing across the board. Here is a closer look at what the tool says, the only remaining timeframe without a buy signal, and more information on what the Supertrend technical indicator does. What The Supertrend Says About The Bitcoin Bull....
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Bitcoin price has done it and made a higher high, setting a new all-time high record above $65,000 according to several exchanges and the TradingView BTCUSD Index. What exactly does this mean for the first-ever cryptocurrency and the current market cycle? Read on to find out. Bitcoin Price Sets New Record ATH Above $65,000 The number one ranked cryptocurrency by market cap has just set another major milestone, and proven to the market that the bull cycle isn’t yet finished. It also means that the April 2021 “top” was nothing more than a mid-cycle pullback before the coin....
Bitcoin price finally begins advance after a long wait and sideways crawl. While the OKCoin 3Months futures chart is already in its second wave of advance and approaching the early-September highs, many of the USD exchange charts remain below their 1hr 200MA (red, as is the case with Bitstamp (above). Perhaps these exchanges will still catch up as successive bullish signals cascade through the medium (1hr, 4hr) timeframes. The large timeframes bullish bias is confirmed by today’s launch higher, and a bearish outlook will only come into focus when the 4hr and then 1day charts turn bearish.....
Bitcoin price is back at levels from earlier in the year, but has yet to set a new all-time high. Last night’s weekly candle close still came with a new broken record for price: the highest weekly candle close in the cryptocurrency’s history. Will the bullish weekly close lead to new highs? If so, will this be the culmination of the bull run? And if not, does that mean a bear market instead? A new record has been set | Source: BTCUSD on TradingView.com Bitcoin Price Sets New Record For Highest Weekly Close Ever According to TradingView’s BTCUSD Index, the weekly....
Bitcoin price is showing some recognizable indications in the 4hr chart where price has failed to make new lows and is apparently finding support. A consolidation will be easy to identify and we can expect a series of buy signals when advance begins. However, a sure confirmation of additional decline will be a breach of the supporting blue trendline. Since decline has been complex – and messy – until now, and with many false signals – it is probably best we sit a potential last wave out, unless it is clearly signaled.