JamesRennie

Watching for MA pass above support trend line.

Long
BITSTAMP:BTCUSD   Bitcoin
To stay bullish on Bitcoin need to see it stay above 21 weekly and above to $8500 trend line. The price is now above my previous trend line again though I have lost confidence in it staying as support. Another concern is that when the price dropped most recently we did not test the $8500 level it went back up before that. Though having a higher low is good news guessing that it is indeed a higher low is not a good idea.

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.