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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This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.