Crypto-Swing

Bitcoin- Engulfing bar, Bull Flag and H&S

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
In the 4 hour chart, above, we can see a clear Bull flag breaking bullish to complete a Head & Shoulders pattern that projects a rally to $36.6k. The 4hr 20MA crossing above the 4hr 50MA, and a break above resistance in the RSI .

In the daily chart , below, we can see a bullish engulfing bar signaling a turn around, a rally above the 20MA and a breakout of the declining channel. On top of that we can see a bullish cross of the MACD .

Does all that equal a bullish trend reversal?
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Comments

Strong Breakout Upside 👏
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