CAPITALCOM:BTCCAD   Bitcoin / Canadian Dollar
William Alligator: the crypto is in a bullish position because the candle sticks are above the Teeth, Lips and Jaw. The lines are “eating with an open mouth” and this show that the stock is in a strong uptrend.

MACD: the line is above the signal line, this is a bullish confirmation. Moreover, the green vertical bars indicate that the price is increasing.

ADX: the line is at 73.44, so the crypto is in a strong uptrend.

Candlestick patterns: there is three white soldier and after a bullish engulfing which are a bullish confirmation.

Overall: it can be interesting to take a buy position on this crypto because all the indicators indicate that the price is increasing and will continue like that. Moreover, the stock is in a strong uptrend. Better taking a short-term position because there is a bearish engulfing which is a bearish confirmation. Entry price is higher than the current price for assurance and stop loss is set at -5%.

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