[[Bitcoin Flippening]] Left Image Below: 1 day (daily) cha…

brockz ·

[[Bitcoin Flippening]]

Left Image Below:
1 day (daily) chart from several hours ago before day close. Circled in yellow shows the golden-cross approach (violet colour line wanting to cross above the red line); it’s a major bullish signal. The violet colour moving average is at a sharp angle indicating real momentum behind yesterday’s move. Plus, going back from yesterday’s candle which is our closed candle now. You’ll notice, it’s our biggest candle so far this week and from that candle going back to the left of the chart, we have 7 consecutive green candles in a row (7 days of green).
NOTE: YOU DON’T SEE PERVIOUS DAYS OF CONSTANT GREEN CANDLES IN THE IMAGE. Something different is happening!

Right Image Below:
Same 1 day (daily) chart from 4 hours ago after close of Saturday's market activity. Saturday’s candle is a clean candle with no extreme wicks at the top (indicating no real selling pressure at close to go into Sunday). So expecting a slight correction pullback and then continuation upwards.
Circled in yellow shows the golden-cross having occurred (violet colour line crossing above the red line); very bullish signal for Sunday and the coming week. To my surprise it’s happened sooner than expected.

NOTE: The longer timeframes like the monthly, quarterly and the 6 month timeframe are showing extreme resistance (very bearish). To turn those longer timeframes bullish, bullish momentum has to start on the lower timeframes like what we are seeing on the daily.
Left out the weekly timeframe because for over 2 weeks now I have noticed bullish divergence on the weekly chart. BULLISH Signal
Plus
• Liquidity circled in yellow to the right of the chart has increased compared to yesterday. BULLISH Signal
• Yellow arrow shows the constant buying volume coming into Bitcoin for the past 7 days, the biggest increase happened three days before Saturday’s move.
With all this activity, we are just looking to get confirmation of the bottom being in as well as confirmation of a reversal to the upside.

[[Bitcoin Flippening]]

Left Image Below:
1 day (daily) chart from several hours ago before day clo…