toddb

BTC MACD Daily about to Cross and Break Parabolic SAR

Long
COINBASE:BTCUSD   Bitcoin
BTCUSD Bitcoin daily chart is close to confirming a bullish break out. MACD is about to cross-over while price sits on the 200 day MA. Volume has shifted to positive and is stalling into this healthy consolidation. Price sits right below the parabolic SAR and should break it today or tomorrow and switch from bearish to bullish. Expect a breakout to 10,000k, then consolidation with backing and filling to 9200 before a move to 11,500-12,000 based on the channel. Once it hits the top of the descending channel, it will good to take profits and consider the next move.

Good luck and good trading
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