BTC May 16, 2024: Crossing Up MA-50
On May 15, 2024,
BTCUSD
moved up and closed above its own MA-50 for the first time since April 13, 2024.
It also broke out of a yellow trendline as shown on the chart and closed above the high of May 6, where it was first rejected at its MA-50.
The breakout provides a new buy point here on D timeframe.
BTCUSD
moved up and closed above its own MA-50 for the first time since April 13, 2024. It also broke out of a yellow trendline as shown on the chart and closed above the high of May 6, where it was first rejected at its MA-50.
The breakout provides a new buy point here on D timeframe.
Trade active:
As of May 26, 2024, BTCUSD is still acting well above the trendline and we are still holding our long position.
