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 signals.
There is some weakness in the but prices are recovering and looking better each day.
When we look at the , 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 .
With prices now back above EMA10, a strong and , higher prices are possible.
Conditions for change
We stay above EMA10.
If prices drop, we adapt and we change.
Thanks a lot for reading.