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BITCOIN on a 1D MACD Bullish Cross! Is 65k next?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Just a quick update on Bitcoin's short-term price action.

The MACD indicator on the 1D time-frame just made a Bullish Cross. As you see last time it made that formation was on Feb 02/03. Common feature is that both today and then that happened the same time the price broke above the -16° angle Lower Highs trend-line from the top (i.e. Higher High of the Channel Up).

What followed next was a continuous rise with the next consolidation (mini) phase being on the 1.5 Fibonacci extension . That is currently at $65000. Is this BTC's next target?



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Comments

Lovely Analysis. Great Job 💯
100 coins
+3 Reply
As always :)
500 coins
Reply
@xBTala, Great --> check this out :
Reply
hujianghua watchtrend
@watchtrend, Did you short eth?
+2 Reply
Yes my friend.....yes indeed. Actually $76k in my opinion

+6 Reply
Well Done
+4 Reply
Fractal from 2017 pointing at 87k until the end of March!
+4 Reply
Let’s first see if the ATH will be broken. If it can’t break through the resistance it is useless to discuss possible next targets. So far it looks consolidating and slowly heading towards resistance.
+3 Reply
MACD is the truth, thanks for the post.
+1 Reply
You can set the angles as you like: +17° here, -16° there, in the end it will be the result of the coin toss that counts.
+1 Reply
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