AlanSantana

Bullish Bitcoin (No More Bearish Signals...)

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Finally we get to look at some bullish signals for Bitcoin ... Hit LIKE and start reading...

We will first look at the daily and then short-term on the 4H and 1H timeframes... Let's get started.
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Bitcoin ( BTCUSD ) recently moved above EMA10 and EMA50, which lead me to quickly adapt and share an article mentioning this as a bullish signal and new potential for growth... (shared in the related articles)

I received a lot of flack for this but the charts are always changing and if you trade or read charts, this is something that you should know.
As the chart changes, we also change with the charts.

Now, we have prices growing and we see prices trading above all EMAs.

We also have a volume breakout... The trading volume is still relatively low but higher than in the past few days.
The above-average volume is always a good and strong indicator.

The MACD is moving above the zero line and starting to look strong.
The RSI is sitting at 59.7 and support this move as a real one.

Thanks a lot for reading... We go for the short-term chart next.

Make sure to leave a comment.

Namaste.

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