Friday, July 31, 2020

Bitcoin Upside Accelerating 比特币加速上升

After breaking above 10000 last week, Bitcoin rushed towards 11000 and consolidated.  Today it is accelerating to the the upside again forming a Continuation up pattern. On the weekly chart, it has broken above a 2 year downtrend line with huge volume. CCI above +100 indicates it's in the accelerated phase of the uptrend and looks ready to challenge 14000. Bitcoin ETF GBTC also broke out of a downtrend line and is ready to move towards 17.5.  With a shaky stock market and crashing US dollar, Bitcoin is the safe haven. 











在上周突破10000之后,比特币冲向11000并整固固。今天它正在加速上升,并形成了继续续上升模式。 在周线图上,它已经以巨大交易量突破2年的下降趋势线。 CCI高于+100表示它处于上升趋势的加速阶段,并准备挑战14000。比特币ETF GBTC也突破了下跌趋势线,并准备迈向17.5。 由于股市的摇摇欲坠,美元的暴跌,比特币是一个很好的避风港。









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