Bitcoin 20/40 Daily MA very Bullish
Atualizado
Good Morning my fellow Bicoinistas!
For those of you who follow my posts you know I have been watching and posting on the Weekly progress of Bitcoin for some time. A major indicator on the weekly chart is the fact that Bitcoin made the 20/40 Week moving average cross on June 2, 2019 and the gap on that cross continues to expand and the bitcoin price continues to ride above both moving averages. This is a very bullish signal for Bitcoin.
Well..... in this daily chart you will also see that Bitcoin is currently above the 20/40 Daily moving averages and the RSI is in position to give it plenty of room to run North before entering an "Overbought" condition again.
Between the Daily and Weekly charts Bitcoin continues to look extremely Bullish to me. Since I don't trade every little dip or pullback on the lower time-frame charts you may have a difference of opinion. But hey, to each his own.
Good luck out there!
BBS out!
For those of you who follow my posts you know I have been watching and posting on the Weekly progress of Bitcoin for some time. A major indicator on the weekly chart is the fact that Bitcoin made the 20/40 Week moving average cross on June 2, 2019 and the gap on that cross continues to expand and the bitcoin price continues to ride above both moving averages. This is a very bullish signal for Bitcoin.
Well..... in this daily chart you will also see that Bitcoin is currently above the 20/40 Daily moving averages and the RSI is in position to give it plenty of room to run North before entering an "Overbought" condition again.
Between the Daily and Weekly charts Bitcoin continues to look extremely Bullish to me. Since I don't trade every little dip or pullback on the lower time-frame charts you may have a difference of opinion. But hey, to each his own.
Good luck out there!
BBS out!
Nota
A look at the weekly too.Nota
A view of the one hour chart since my last post a couple hours ago.
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