free forever qr code generator Weekly Bitcoin Update - Bitcoin Went Up 29% Last Week, Nice Reversal Pattern

Finally we go the confirmation we wanted for last week. After Bitcoin bottomed at 6000 it went all the way from 8000 in the beginning of the week and closed at 10500 on Sunday. Here is the weekly chart:

See my work over at Steemit: https://steemit.com/@freeforever

Comment: Whats important for the week is that we closed at the bollinger band median or actually slightly above and in addition to that, we also closed above the descending trendline.

Another positive is that we almost closed at the weekly high which does indicate that this upcoming week will continue going up.

The stochastics is also looking good, it is actually trendling upwards and it does look like we have bounced off the 20 area.

If we look at the weekly candlestick pattern we can see that we have formed a bullish reversal with a nice doji sign followed by a strong confirmation. Lets have a look at two other examples of this:

Finally, lets have a look at the weekly area line chart:

Comment: This is the most important number Im looking at and that is 11700 which was the latest weekly peak. Until we take out this peak, I wont consider this short term bear market over.

Happy trading!

free forever qr code generator Weekly Bitcoin Update - Bitcoin Went Up 29% Last Week, Nice Reversal Pattern
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Science & Technology	Upload TimePublished on 19 Feb 2018

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