BITCOIN IS A BULL

Sep 2
Bitcoin -0.44% continues moving up, just as the candlesticks on the charts, all of the signals and indicators continue to tell us and more signals are developing that support a bullish view for Bitcoin -0.44% and additional bullish action.

Let's take a quick look at some of those for our own learning and entertainment.

• Today we have really good volume and it is pretty early in the day. Which points to additional bullish action. Good green volume is good for bulls. Good red volume is good for bears. You can see the volume bars on the lower end of the main chart.

• We took down all of our targets from our last update, the last one being ~$7500, which we hit and retraced. Next target is $7550, $7850 and $8000. We need to break above EMA200 and SMA200 (brown and yellow lines on the chart) and close above it to signal additional strength.

• We continue trading in an small uptrend within an ascending channel .

• We have strong support marked by the purple line which is EMA500.

• The MACD is now on the bullish side and RSI is over 60 now, also bullish .

• The weekly chart also looks good. Weekly candle closes today. We need a close above $7300 for good strength but we still continue bullish if we close below it. Plenty of room available for growth showng by the indicators on the weekly chart.

Monthly chart: We closed the month with a bullish hammer candlestick . You can see my chart about it here:
[MOON-Bitcoin] Bullish Hammer Coming on the Monthly Time Frame

In all, Bitcoin -0.44% continues doing great. There are many bullish signals developing, I will keep you updated if Bitcoin -0.44% decides to change trend.

For now, BITCOIN IS A BULL!

Thanks a lot for reading.

Namaste.