In last review we wrote about Bitcoin which found the support near $ 6’000. Since that this support has not been overcome. The bulls cheered up. Disappointed bears close short positions. As a result, we see an attempt to form new growing trend. MAcross gave a signal to buy on daily chart. Along with that, this signal has already passed the test by correction with the return of the rate to $ 6’000.
On daily chart we see the formed figure “The head and shoulders upside down”.
Of course, on weekly chart the picture is still bearish. The rise above $ 8’000 plus fixation there are needed to speak about the start of medium-term growth. However, as minimum there is a short-term signal to buy. And those who have not stopped trading for summer can work it. Enter is on current. Or if you are lucky it is near $ 7’000. The exit (or even flip down) in case getting the signal to sell from MAcross of daily chart.
Wish you profitable deals and follow our reviews!