BTC - Looks Like A Bull, Walks Like A Bull, Its Probably Bull
Hey Friends.
After Breaking out of the bearish wedge. Bitcoin has (for me) moved from neutral to buy.
Basis, MACD & Squeeze Momentum Oscillator are both showing clear Bullish Divergence and Bullish Crossovers. In addition, over the last 2 months Bitcoin has successfully made sequential higher lows.
Fundamentally, Bitcoin is moving to closer and closer mainstream adoption. Institutional investors are moving from the sidelines and gearing up to enter the market.
Targets are hard to predict. However our first true test is a higher high ( approx 7200-7500 close so that what I will be watching).
Of course, would Bitcoin could always breakdown and retest 5800... but that is looking less and less likely.
So Bitcoin for me, is a BUY.
Keep Calm and Trade Crypto
After Breaking out of the bearish wedge. Bitcoin has (for me) moved from neutral to buy.
Basis, MACD & Squeeze Momentum Oscillator are both showing clear Bullish Divergence and Bullish Crossovers. In addition, over the last 2 months Bitcoin has successfully made sequential higher lows.
Fundamentally, Bitcoin is moving to closer and closer mainstream adoption. Institutional investors are moving from the sidelines and gearing up to enter the market.
Targets are hard to predict. However our first true test is a higher high ( approx 7200-7500 close so that what I will be watching).
Of course, would Bitcoin could always breakdown and retest 5800... but that is looking less and less likely.
So Bitcoin for me, is a BUY.
Keep Calm and Trade Crypto
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