Btc Bullish 2h 10/20/50 EMA CrossOver Possible Change In Trend
As the title states we have a bullish crossover on the 2h chart even the 50 EMA was crossed over now i will update a little later we need more data on a longer time frame i will update the post below tomorrow once we get a little more data we are about to cross over 10/20 ema on the 4hr chart things are looking rather bullish.(Wait for confirmation)
If you read my posts during the week and mainly the past 2 days you would see the bears are just about done look at the long term MACD i mean really long term since this bullish momentum started believe it or not the bears have mostly been in control. Well it looks like they have really ran out of steam they have had too much control over this market for a long time now and the bulls have been patient in how they played this one i have watched it every day for the past 6 months if not longer.
I know we have been up and down lately and i don't want to explain myself over and over but looking at all the indicators and trending patterns we should have full confirmation of a change in trend soon maybe a day or two depends on how much sideways movement there will be, i think this is going to be a game changer and the main reason being is we have started a small uptrend and it looks strong the RSI looks good the Macd is good there are multiple crossovers coming up on many of the charts, one more thing to note is the lower low eventually happened and this is what most traders have been waiting for.
Now i did say that my bottom was $7200 along time ago we may have breached that a little but if you look where people bought in you will see that most sold for a profit to buy back in they where all talking about it last night mostly the whales.
Now you see the shilling that is going on that alone is good news do not let people make decisions for you do it for yourself use your own TA patients will pay off do not listen to people bashing btc because it retraced more than everyone thought it would.
And good luck i will keep this updated over the next few days.But it is a good sign trust me there are people that were starting to lose faith even me for a few hours last night but i can see this being a good sign.We need more data so wait for confirmation and wait for longer time frame cross overs people are buying and it is restoring faith in the bitcoin market again.don't let the 'SHILLS GET YOU DOWN' they only arrive when a change in trend is coming MGPC will be posting soon.
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