{"id":409050,"date":"2019-12-28T15:00:43","date_gmt":"2019-12-28T15:00:43","guid":{"rendered":"https:\/\/ktsl888.com\/?p=409050"},"modified":"2024-06-11T13:35:54","modified_gmt":"2024-06-11T13:35:54","slug":"bitcoin-signal-last-seen-february-2019-3700-14000-appears","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-signal-last-seen-february-2019-3700-14000-appears\/","title":{"rendered":"Bitcoin Signal Last Seen Prior to Price Rally From $3,700 to $14,000 Appears Again"},"content":{"rendered":"<p>It appears that Bitcoin&#8217;s medium-term outlook is rapidly starting to favor bulls, with reports upon reports coming in indicating that the technicals and fundamentals imply that a return to a bullish phase is on the horizon for BTC.<\/p>\n<h6 style=\"text-align: center\">Related Reading:\u00a0<a href=\"https:\/\/ktsl888.com\/2019\/12\/22\/whats-next-bitcoin-blockchain-top-developer\/\" data-wpel-link=\"internal\">What\u2019s Next for the Bitcoin Blockchain? Top Developer Weighs In<\/a><\/h6>\n<h2><strong>Bitcoin Technical Indicators Continue to Flip Green<\/strong><\/h2>\n<p>According to a<a href=\"https:\/\/twitter.com\/Crypt0mer\/status\/40285696\" rel=\"nofollow\"> recent tweet<\/a> from full-time cryptocurrency trader Crypt0mer, Bitcoin&#8217;s one week chart recently printed an extremely bullish signal: the one-week Klinger Oscillator, which tracks volume and price to determine trends, has printed a buy for the first time since February 2019, when BTC was trading around $3,700. He remarked that this is a sign that the bear correction is over.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Klinger signaling a buy on the weekly, last time it did that was around Feb &#39;19 around 3.7keks; the bera correction might be over -or- it can be a false signal which happened before, need to keep an eye on it. \ud83d\udc40 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/t.co\/SH1vwt9QE2\" rel=\"nofollow\">pic.twitter.com\/SH1vwt9QE2<\/a><\/p>\n<p>&mdash; C\u01a6YP\u20ae\u0398\u0271\u039e\u01a6 \ud83e\uddac\ud83d\udd25 (@Crypt0mer) <a href=\"https:\/\/twitter.com\/Crypt0mer\/status\/40285696?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 28, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Indeed, once the one-week Klinger crossed into the green last time, BTC rallied from $3,700 to $14,000 in the months that followed, marking a 300% gain in a relatively short period of time.<\/p>\n<p>This comes shortly after Scott Melker, also known as the Wolf of All Streets, <a href=\"https:\/\/ktsl888.com\/2019\/12\/24\/bullish-bitcoin-price-signal-preceded-330-jump-flashes-again\/\">observed another positive sign on Bitcoin&#8217;s weekly chart.<\/a> The sign was a &#8220;massive bullish divergence in oversold territory on Stochastic Relative Strength Index.\u201d<\/p>\n<p>This is especially notable for bulls as it has been seen on three important turning points in Bitcoin&#8217;s recent price history: the first preceded a bear market rally from $6,400 to $9,900 in mid-2018, the second preceded the 330% jump in the Bitcoin price seen from December 2018 to June 2019, and the third predicted the move from $7,400 and $10,400 that took place just weeks ago.<\/p>\n<h6 style=\"text-align: center\">Relate Reading:\u00a0<a href=\"https:\/\/ktsl888.com\/2019\/12\/22\/xrp-down-95-from-2018-peak-whats-next-embattled-crypto\/\" data-wpel-link=\"internal\">XRP is Down 95% from Its 2018 Peak; What\u2019s Next for the Embattled Crypto?<\/a><\/h6>\n<p>Considering the historical bullish significance of this signal along with the positive-trending Klinger, there\u2019s a high likelihood that BTC could begin to gain bullish momentum on a medium-term time frame in the coming weeks.<\/p>\n<p>That&#8217;s not to mention that <a href=\"https:\/\/ktsl888.com\/2019\/12\/28\/fund-manager-thinks-bitcoin-rally-25-9000-one-month\/\">according to Su Zhu<\/a>, the chief executive officer of Three Arrows Capital, the premium seen on BTC\/USDT pairs compared to the stock BTC\/USD markets, coupled with overall price action, suggests there are \u201cclear signs of accumulation and money flow back into risk.\u201d He thus concluded that he wouldn\u2019t be surprised to see the leading cryptocurrency surpass $9,000 \u2014 25% higher than current prices \u2014 before the end of January.<\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>It appears that Bitcoin&#8217;s medium-term outlook is rapidly starting to favor bulls, with reports upon reports coming in indicating that the technicals and fundamentals imply that a return to a bullish phase is on the horizon for BTC. Related Reading:\u00a0What\u2019s Next for the Bitcoin Blockchain? Top Developer Weighs In Bitcoin Technical Indicators Continue to Flip Green According to a recent tweet from full-time cryptocurrency trader Crypt0mer, Bitcoin&#8217;s one week chart recently printed an extremely bullish signal: the one-week Klinger Oscillator, which tracks volume and price to determine trends, has printed a buy for the first time since February 2019, when BTC was trading around $3,700. He remarked that this is a sign that the bear correction is over. Klinger signaling a buy on the weekly, last time it did that was around Feb &#39;19 around 3.7keks; the bera correction might be over -or- it can be a false signal which happened before, need to keep an eye on it. \ud83d\udc40 $BTC pic.twitter.com\/SH1vwt9QE2 &mdash; C\u01a6YP\u20ae\u0398\u0271\u039e\u01a6 \ud83e\uddac\ud83d\udd25 (@Crypt0mer) December 28, 2019 Indeed, once the one-week Klinger crossed into the green last time, BTC rallied from $3,700 to $14,000 in the months that followed, marking a 300% gain in a relatively short period of time. This comes shortly after Scott Melker, also known as the Wolf of All Streets, observed another positive sign on Bitcoin&#8217;s weekly chart. The sign was a &#8220;massive bullish divergence in oversold territory on Stochastic Relative Strength Index.\u201d This is especially notable for bulls as it has been seen on three important turning points in Bitcoin&#8217;s recent price history: the first preceded a bear market rally from $6,400 to $9,900 in mid-2018, the second preceded the 330% jump in the Bitcoin price seen from December 2018 to June 2019, and the third predicted the move from $7,400 and $10,400 that took place just weeks ago. Relate Reading:\u00a0XRP is Down 95% from Its 2018 Peak; What\u2019s Next for the Embattled Crypto? Considering the historical bullish significance of this signal along with the positive-trending Klinger, there\u2019s a high likelihood that BTC could begin to gain bullish momentum on a medium-term time frame in the coming weeks. That&#8217;s not to mention that according to Su Zhu, the chief executive officer of Three Arrows Capital, the premium seen on BTC\/USDT pairs compared to the stock BTC\/USD markets, coupled with overall price action, suggests there are \u201cclear signs of accumulation and money flow back into risk.\u201d He thus concluded that he wouldn\u2019t be surprised to see the leading cryptocurrency surpass $9,000 \u2014 25% higher than current prices \u2014 before the end of January. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":394230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,66098,12313],"class_list":["post-409050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-klinger","tag-technical"],"acf":[],"yoast_head":"\n<title>Bitcoin Signal Last Seen Prior to Price Rally From $3,700 to $14,000 Appears Again<\/title>\n<meta name=\"description\" content=\"It appears that Bitcoin&#039;s medium-term outlook is rapidly starting to favor bulls, with reports upon reports coming in indicating that the technicals and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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