BTCUSD - 5 signs of the Return of the Bull
Note the following :
(1) The 200-day Moving Average is below the chart and quite flat. This indicates that it is still bullish.
(2) The 20-day moving average is currently above the chart and the gap seems wide enough that it may be the time to snap back i.e., switch cross-over
(3) The appearance of the double bottom in the MACD signals a trend reversal in the correction about to take place
(4) Falling Wedge in an uptrend is a sign of continuation of the overall bullish trend
(5) The completion of the simple Extended Flat Corrective ABC Wave
All these signs show the bottoming out and soon we'll see more volume and rising marketcap hopefully
TEACHERS, COMMENTS AND CRITICISMS are welcomed
(1) The 200-day Moving Average is below the chart and quite flat. This indicates that it is still bullish.
(2) The 20-day moving average is currently above the chart and the gap seems wide enough that it may be the time to snap back i.e., switch cross-over
(3) The appearance of the double bottom in the MACD signals a trend reversal in the correction about to take place
(4) Falling Wedge in an uptrend is a sign of continuation of the overall bullish trend
(5) The completion of the simple Extended Flat Corrective ABC Wave
All these signs show the bottoming out and soon we'll see more volume and rising marketcap hopefully
TEACHERS, COMMENTS AND CRITICISMS are welcomed
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.