Bitcoin has turned INCREASINGLY BULLISH - price action to confirm.

in #bitcoin • 8 years ago (edited)

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#Bitcoin (BTC) daily momentum has recently turned INCREASINGLY BULLISH. Awaiting price action to confirm with a BO above the 9100 - 9500 S/R area with conviction. Price action should move higher over the next several weeks. IMHO.

The MACD has turned up and recently formed a bullish up-cross with the histogram re-commencing positive expansion. The Stochastic recently formed a bullish higher-low while becoming oversold (>20.0). Requires further bullish price action to confirm the recent change in momentum. Over the next several weeks, should experience similar price action to that commencing from late-Jul17, late-Sept17 and mid-Nov17.

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#crypto #blockchain #money #btc
8 years ago in #bitcoin by
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