I like to scroll through the higher timeframes periodically to look for patterns that simply won't 'jump out at you ' on the intraday.
Bitcoin weekly chart, I see where the MACD line is currently making a Cross X up and through the Signal-line, that is a very bullish cross if it's sustained by further crossing and it's further confirmation of an imminent breakout.
* Educational purposes and the latest Bitcoin alerts. But not for financial advice on timing of Long and Short positions for Bitcoin.
Bitcoin weekly chart, I see where the MACD line is currently making a Cross X up and through the Signal-line, that is a very bullish cross if it's sustained by further crossing and it's further confirmation of an imminent breakout.
* Educational purposes and the latest Bitcoin alerts. But not for financial advice on timing of Long and Short positions for Bitcoin.
Note
Bitcoin is on the move heading up. Buyers stepped in about 5 hours ago. Bitcoin then about an hour ago commenced a pullback and soon those low levels got rejected for a more sustained move upwards. I believe today it will break through recent daily highs and continue the move up.Note
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It's been a couple of great days for Cryptocurrency's and Bitcoin up about 0.9% today. Is the downward cycle finally over? Gotta be close imo.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.