BitbullTrading

43 Bullish daily cycle for bitcoin?!

Long
BITSTAMP:BTCUSD   Bitcoin
Hello together,

Here is an update for you again today. I took a look at the larger timeframe and made an anylse with the 50 EMA Ribbon on the daily chart for you.
Whenever we have broken the 50 EMA Ribbon on the daily chart to the top, we had another pump, which has extended for another 43 days! Technically, this would take us into the $50-60,000 region to the upside if we can break through the important $48,0000 ald resistance and confirm it as support.

Also feel free to share this analysis and chart so everyone gets it! I think this is a possible scenario which could be quite possible!

Regards
BTC Moneymaker


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.