It's simple maths guys, the Bollinger Bands show the price action going upward and the squeeze momentum indicator is turning green.
Also, the moving averages are showing promising bullish support with the Golden Cross lurking in the shadows on the 3-day chart.
We are going to see a lot of vigorous and volatile moves after the $10K mark, seeing the 150 day MA as being a support.
Also, the moving averages are showing promising bullish support with the Golden Cross lurking in the shadows on the 3-day chart.
We are going to see a lot of vigorous and volatile moves after the $10K mark, seeing the 150 day MA as being a support.
Trade active
The Bitcoin move has not ended towards the upside. The next stop will be at about the $11500 - $12000 range. These are the determinant fib and resistance points.
I eat lions before they hunt me down.
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.
I eat lions before they hunt me down.
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.