Hey guys, I hope you're enjoying the holidays. Here a quick analysis of BTCUSD I wanted to share.
The 50 days SMA cross would be a solid bullish sign.
The indicator on the chart is the version 2 of the Trend Indicator] I'm working on. This is a stop loss system that in this case help us to see the extreme line that would imply a bearish move if price were to go below. It would also cut the losses from the previous long trade. ( Trend Indicator - 1D - Trend Parameter = 6 )
Also if we look at my Bands Indicator, we see the last short signal not being much successful yet. Most importantly the red 20 days SMA has reversed a few days ago and seems to keep its will of going upwards.
That's all for today, comment what you think !
The 50 days SMA cross would be a solid bullish sign.
The indicator on the chart is the version 2 of the Trend Indicator] I'm working on. This is a stop loss system that in this case help us to see the extreme line that would imply a bearish move if price were to go below. It would also cut the losses from the previous long trade. ( Trend Indicator - 1D - Trend Parameter = 6 )
Also if we look at my Bands Indicator, we see the last short signal not being much successful yet. Most importantly the red 20 days SMA has reversed a few days ago and seems to keep its will of going upwards.
That's all for today, comment what you think !
Comment:
50 days SMA cross, bitcoin is looking bullish!
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