Bitcoin Forum

Bitcoin => Bitcoin discussion => Topic started by: Mikemiky on July 21, 2021, 10:26:18 AM

Title: Does the bull market come back?
Post by: Mikemiky on July 21, 2021, 10:26:18 AM
The market soared up. It increased more than 3%. The BTC rushed to the $31,000. From 1-hour chart, the candles went up. It formed a U-shaped bottom. The MACD stepped back above the zero axis. The short term moving average went up and had a callback. It kept the trend to the longs. Pay attention to the longs. Focus on the $30,000 support. Buy BTC3X dips.
[/size]The ETH went up. From 1-hour chart, the candles indicator volume increased. The MACD went up above the zero axis. The short term moving average had a callback. It went up across the long-term moving average. It kept the trend to the longs. Pay attention to the longs. Focus on the 1800 support. Buy ETH3X dips.

(https://qph.fs.quoracdn.net/main-qimg-b41de70bbc470562cbc126ea82948e41)
[/color]
Title: Re: Does the bull market come back?
Post by: mlawson71 on July 21, 2021, 11:35:07 AM
With the problems in China (https://www.forexbrokerz.com/news/bitcoin-falls-below-30000-after-china-orders-banks-to-stop-supporting-crypto-transactions) I am doubtful how long this rally would last. Who knows what else the Chinese government would do.
Title: Re: Does the bull market come back?
Post by: CryptoStar19 on July 21, 2021, 01:57:40 PM
With the problems in China (https://www.forexbrokerz.com/news/bitcoin-falls-below-30000-after-china-orders-banks-to-stop-supporting-crypto-transactions) I am doubtful how long this rally would last. Who knows what else the Chinese government would do.


China has been banning crypto almost every year... hopefully this time it is for real and the ban is really a ban so the market can be rid of this FUD hitting the news cycle on an annual basis.


Bitcoin doesn't need China (time will show that it's actually the other way around)... the market will move past this in time.
Title: Re: Does the bull market come back?
Post by: Surmount on July 21, 2021, 11:10:46 PM
Doubt this rally will last. I'm waiting for BTC at 20.000