BTC – this happens for the first time since Aug 2018

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Traders.
We have good news regarding technical analysis on BTC .

• For the first time since Aug 2018, we observe this bullish cross. MA50 is about to cross MA100 on 1D chart.
When that happens this is a strong signal for investors to BUY.

• Solid positive trend on MACD

• Since Dec 2018 we have a positive trend on RSI , too.

• Remember to enter the long position above $4300 – this will be safe

It seems we are really close to a breakout.

All we need is ignition and the rest will go automatically.

Be patient. Be prepared.

Don’t sell now.

Thank you for reading and your time.

Are you also expecting trend reversal? Leave a comment down below.

WBM Team

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Related Ideas

It surely is an early buy signal well spotted team! Slowly the long term charts will take control and turn the trend to bullish.

+1 Reply
hey there nice chart, but it is a BUY SIGNAL when it is a golden cross (and this is not even a buy signal for me personally) it is 200 and 100 MA not 50/100
+1 Reply
A 50/100 ma is not a strong signal for investors to buy. And above 4.3 ot anywhere else will never be "safe."
+1 Reply
Please take a look at our idea and let us know what you think!
+1 Reply
WBM_Team Safe_Signal
@Safe_Signal, thanks for sharing. We think we will go finally up.
Well, golden cross is 50+200. Let s see if 50+100 has any importance
+1 Reply
@Sylkme, time will tell. Thanks for sharing.
well 50 crossing 200 is big news, never really heard of 50/100. Hope it plays for you tho!
+2 Reply
WBM_Team evolmk99
@evolmk99, it used to and hopefully this time, too.
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