Simple reasons to buy I think. I've added MACD which shows cross overs in white and divergence between the MACD bars and candlestick closes shown in red and green lending support to direction of the market with underlining white horizontal lines included. My other chart is still waiting for developments before it can be updated as a fractal low and high were supposed to be developing but for some reason haven't yet. This chart may offer some explanation. Also if market closes above the offset 5 day average that would also potentially be a positive development.
Note
Additional notes: Vertical line on MACD April 6th should be green, and vertical line on chart June 1st was unnecessary.Note
Will global markets impact, otherwise looks good.Note
Is this going to be the first month since January without fractal highs or lows within the first six days - caution Y/N?Note
I've just added to my post "#bitcoin still looking to complete fractal high" and will update probably tomorrow. Other chart is now the one I'm watching as price on this one closed below the offset 5 day average
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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.