mortonpeak

trend reversal CONFIRMATION

Long
COINBASE:BTCUSD   Bitcoin
as you can see, MACD reversal is clear. I like to set up Bollinger 200, MA 50, to catch buyable lows, then track when trends change. As you can see here, the bear decline is reversed. There are clearly buying forces at work, and we typically get a 30% gain under these conditions.

I am more interested in the HOLD, now that we may get a strong year, with good fundamentals and a lack of credible external forces prohibiting growth. Will write more on this

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