Let's update the bitcoin technical analysis.
Price patterns, elliot wave and fibonacci analysis are applied to Bitcoin.
Check out the analysis from the beginning here:
· https://steemit.com/bitcoin/@luiggih/bitcoin-btc-usd-hammer-time
Updated to...
· https://steemit.com/bitcoin/@luiggih/bitcoin-btc-usd-daily-update-fuck-haejin-s-subscription
Yesterday's update 6th June
· https://steemit.com/bitcoin/@luiggih/bitcoin-btc-usd-6th-june-update
We've broken the mid term bear trend. Good signal for bulls.
Channeling is working great
Volume is increasing in the same direction as price. This is a good signal for the bulls.
Bitcoin has broken several bear trends already and is showing a solid bull trend.
Bull trends are made of higher lows.
Every time a bear trend is broken there is a bull celebrating on the other side.
Still can consume some time accumulating but very likely will start a major move soon.
Beware if Bitcoin has changed the trend, we're headed substantially higher highs.
Let's see how price evolves.
