BITCOIN on a 1D MACD Bullish Cross! Is 65k next?
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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?
Feel free to share your work and let me know in the comments section!
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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?
Feel free to share your work and let me know in the comments section!
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView
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