✳️ Metal Bullish Bias Explained + Related To Bitcoin
Here we have a mixture of patterns that alerts us of a bullish bias.
MTLBTC
- Produced a very strong decline. A strong move to any side produces a similar reaction to the other side.
- This steep decline from 20-Feb. to 22-Mar. ends in a higher low compared to Dec. '22.
- A volume breakout takes place; the highest volume since February. This signal goes together with the previous two.
- As these signals accumulate, prices break above EMA10.
Some other pairs, not many but a few, are starting to show huge breakout on the Bitcoin side.
If more pairs break bullish, this confirms that this group of Altcoins is ready for a bullish wave.
It also confirms Bitcoin's higher low, regardless if the correction it produces is weak or strong.
Namaste.
MTLBTC
- Produced a very strong decline. A strong move to any side produces a similar reaction to the other side.
- This steep decline from 20-Feb. to 22-Mar. ends in a higher low compared to Dec. '22.
- A volume breakout takes place; the highest volume since February. This signal goes together with the previous two.
- As these signals accumulate, prices break above EMA10.
Some other pairs, not many but a few, are starting to show huge breakout on the Bitcoin side.
If more pairs break bullish, this confirms that this group of Altcoins is ready for a bullish wave.
It also confirms Bitcoin's higher low, regardless if the correction it produces is weak or strong.
Namaste.
🔝 The Greatest Cryptocurrency Analysis on Earth!
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
Related publications
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.