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Thursday, 7 May 2020

Bitcoins: 7 May 2020, Thursday

Bitcoins:
7 May 2020, Thursday
(Click on the Technical Chart Above to Expand)

Attached is the technicals of Bitcoins. The black boxed region is the volume flow of reversal volumes that mark a rock bottom. Such volume flow at bottoms successfully reverse a flow and create a new major tide 90% of the time. The green circled region is where Bitcoins are finding secret new supports. A breakout of the double red resistance lines will create an a significantly major new tide up. I am ending any bearishness on Bitcoins, and am resuming my bullish outlook on Bitcoins.

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