alanmasters

$1.9T Approved: More Fiat = Higher Bitcoin Prices

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This signal takes priority over all others... The more fiat that is printed, the higher the prices we will see Bitcoin at.

We have more stimulus money coming out of the USA, which is good news for the markets.

The chart signals and technicals agree with this view:
BTCUSD 4H Timeframe has only bullish signals.

There is some weakness in the volume but prices are recovering and looking better each day.

When we look at the daily timeframe , the main chart above, we can see that BTCUSD ( Bitcoin ) is now back above EMA10.

EMA50 wasn't even hit on the 28-Feb. drop, signaling that the bears are not that strong.
This same day was also low volume .

With prices now back above EMA10, a strong RSI and bullish MACD , higher prices are possible.

Conditions for change
We stay bullish above EMA10.
If prices drop, we adapt and we change.

Thanks a lot for reading.

Namaste.
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