#FatPigSignals
update: bitcoin/usd
- After seeing an impressive recovery our January lows, bitcoin has now been making consistent new all-time highs; this is naturally bullish a technical standpoint, more so, bitcoin has remained on our original trajectory quite well (up 30%~ yellow ball buy signal). As shown in the chart, our new acting/bullish support is at the 44-45k region while stronger support stands at the 41k region (0.618 fib+trendline); Our short term resistance is at 50k(psychological resistance), followed by the 60k region. It's worth taking note that a breakout bitcoin above 50k may cause a surge in dominance, in short, creating an unfavourable short term scenario for altcoins. Overall our bias is still bullish on bitcoin can recommend being net-long.
https://www.tradingview.com/x/yX8eMAHC/
