JuanAugusto

Reasons to be long

Long
JuanAugusto Updated   
BITSTAMP:BTCUSD   Bitcoin
In my humble opinion, it is time to start long positions. The next weeks will be crucial to determine the long term possibilities, and there are some elements that could be signaling the return of the bullish period.

Probable break upwards based on:
-Possitive SAR
-Triangle broken upwards (confirmed by volume), contrary to what could be expected
-RSI close to break upwards the long term mid value
-MACD histogram getting possitive
-Price close to break upwards long term linear regression
-MA 20 getting closer to 40 MA
-Long term tendency
Trade active:
After a year, prediction has shown successful.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.