a01
Long

Bitcoin recovering on weekly

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin is going into recovery mode.

TA:
-MACD, RSI convergent with price, and in an uptrend
-Stoch, shown in blue on PTS is slowly going up
-CCI is recovering too, so it goes up
-Downtrend is almost over, you can see it by lack of momentum in beartrend on DMI            

FA:
-We got a bitcoin fund, called GBTC            
-Bitcoin with Gemini ETF launching sooner than later, likely this year
-Global economic collapse coming, the only safe havens are Gold             , Silver             and possibly Bitcoin

Time to buy or prepare to buy bitcoin .
Looks healthy to buy

Stay tuned for more!
ChartArt
2 years ago
With period 20 you are looking at the 5 week trend on the CCI and the Squeeze Momentum. With period 14 you are looking at the 3,5 week trend, so almost a monthly trend on the DMI. The only optimal default period has the MACD, which was invented to be used on the weekly time frame. The MACD compares the 3 month trend with the half year trend, if used on the weekly time-frame like here.
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