A qiuck return to the chart I been using most often
Bitcoin 4 hour
MACD turned BEarish
https://tradingview.sweetlogin.com/x/X1kwlLwh/
This is likely to drop to neutral at least before turning bullish again
The Daily MACD is still rising Bullish but turning down towards the Red signal line.
Push hhigher For Bitcoin price unliekly this weekend but possible...
As you can see, BTC PA has found support on a olcal rising line and is near the old ATH line.
That old ATH line needs to be reclaimed
Ultimately, PA could drop back to lower trend line around 105K but the Bulls have snapped PA back up from the recent dip, as seen on the long lower wick on the current candle.
Realisticaly, we have not even begun a push higher just yet, not until we get through that Fib circle above AND cool off the indicators I mentioned in the post earlier today
But this does show intent.......
Do Not Panic if the Price drops further, to many extents, it needs to and depending on the Bitcoin Dominance chart, this could lead to further gains in the ALT market.
ENJOY
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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.