RATE Group | Buy Signals For Bitcoin (BTC), Ethereum (ETH), And Litecoin (LTC)
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Buy Signals For Bitcoin (BTC), Ethereum (ETH), And Litecoin (LTC)

27 Jan Buy Signals For Bitcoin (BTC), Ethereum (ETH), And Litecoin (LTC)

Posted at 13:26h in Ethereum News by

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Image: Bitcoin (BTC) Point & Figure Chart

Identifying key breakout and re-entry buy signals is done utilizing Point & Figure analysis.

Bitcoin (BTC)

Bitcoin (BTC) has finally entered into a condition where it is no longer trading in a bear market. When Bitcoin made it’s prior major swing high back in June 2019, it then sold off lower and moved below the uptrend angle to establish a new bear market (A). After a little over three months of trading in a bear market, Bitcoin returned to a bullish position by breaking the bear trend line when it reached the 9000 value area (B.). Bitcoin is now trading in a new bull trend with support below the current column of Os at 7800. Traders see a series of continued minor rallies on Bitcoin’s chart followed by some standard pullbacks. In Point & Figure analysis, entries are unambiguous and easy to spot because entries are only (unless it is…

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