Bitcoin RENKO Buy Signal, Highest Volume Since 2019

6. Juli 2022

We have a very strong buy signal on the 4H RENKO chart for Bitcoin (BTCUSD)... Let's have a look.

We use RENKO to spot trends.
Trend reversals.

Each time a new brick is laid down, this is either taken as a buy (green) or sell (red) signal.

Each time a new green bick is laid down, this is considered a buy signal.

We can see a higher low higher with a green brick active and one that already closed = buy.

We can also see prices going above EMA10 and really high volume... This is the important one (=buy).

We are seeing the highest volume on the current/active brick since around 2019...
This is very interesting since the volume indicator is the best indicator that can be used for confirmation.

Here we have another charting system giving out bullish signals.

Note: No bullish signals on the higher timeframes using the RENKO system.
This is an early signal.

Namaste.

7. Juli 2022

Anmerkung

Two new green bricks.
We continue bullish...

8. Juli 2022

Anmerkung

There is no going back above 22.4K...

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