Long

Bitcoin Starts Gaining Momentum, Now Above MA200, Where To Next?

Updated

Bitcoin (BTCUSD) is started to gain momentum now and leaning towards the bulls.

We had a strong move just a few days ago and a retrace took place.
We are now seeing a falling wedge (in black) that has been broken and BTCUSD moving above EMA100 and MA200.

Chart Signals & Indicators

The volume is still low and needed for confirmation.
We need a strong close on the 4H candle for additional bullish action.
The RSI is strong/bullish above 50.
While the MACD is starting to curve and the histogram going in favor of the bulls.

Do you think this is it?
Will Bitcoin grow this time around or will it retrace further?

Share your thoughts with us in the comments section below.

This is Alan Masters.

Thanks a lot for reading.

Namaste.

Note

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Thanks a lot for your continued support.

Namaste

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BELIEVE IN YOUR DREAMS MEDITATION

When doubts creep up and we don't know where to go, there is only one step to get back the trust in your Soul.

Remove all the noise.
Concentrate once more.
Remember your dreams, your goals to the front.

As you remember why you do what you do, why you work daily this hard.
Your thoughts will become clear, feelings will fill your heart.

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You started meditating because you had doubts...
And you end up focused on positive feelings and visualizing your goals.

Namaste.

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