Bitcoin is finding support at the 100 EMA. Can it continue higher?
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(not investment advise)
Bitcoin continued it's 4th day of sideways movement but is making higher lows and lower highs inside the bull flag. The question is if and when it will finally be able to push back above the 12,000 level.
The total crypto market cap, including bitcoin, is breaking above the 21 and 50 HMAs and the 21 HMA has now crossed back over the 50 HMA. Time to get ready for the next bull run. :-)
( Not investment advice)
Litecoin is currently trading between 2 support and resistance zones, roughly between 88 and 108. The top of today’s candle touched the 100 EMA but the fast 21 HMA has started to turn up. Also, the fast squeeze indicator has turned green and the slow squeeze has turned dark red, a sign of a potential upward move.
We’ll see if price can break and stay above $100...
August has brought with it a new bullish move in BitCoin. After selling off in July, the bottom of $9,100 has held for now and price is moving higher though the fib ladder. Additionaly the 21 HMA has turned green and price has pierced through the 50 HMA, all suggesting that another bull leg may be starting.
(This is not investment advice. It's just my take on...
It seems that there is some confusion in cryptocoin community, what Golden Cross is. Lets look at the definition from Investopedia:
"The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average .
The golden cross is a bullish breakout pattern formed from a crossover...
