Bitcoin just broke the bear trend and is currently increasing in value. Volumes seems to support such a breakout with trend reversion.
If we check moving averages too we can see that the 50-200EMA are crossing once again signalling a trend reversal from bear to bull. I know, the cross is not completely defined and assuming a long position is risky.
I think a possible first resistance level to test will be around 12070.
As usual, this is not a trading advice, merely my idea.
If we check moving averages too we can see that the 50-200EMA are crossing once again signalling a trend reversal from bear to bull. I know, the cross is not completely defined and assuming a long position is risky.
I think a possible first resistance level to test will be around 12070.
As usual, this is not a trading advice, merely my idea.
Comment:
Just a side note...as I said in my previous posts: We are in a completely different phase of the bubble than we were thinking. Fun is yet to come!
Comment:
Well, I was wrong about the bull trend!