In one of my recent articles, I showed and explained how prices tend to gravitate towards MA200 regardless of where this indicator is going.
We have long-term signals pointing to a relief rally/bounce in prices for Bitcoin as well as other signals, you can see it here:
Note: Daily candle closure today needs to happen above $7526 (EMA50) for this signal to be confirmed. If prices move and close below this level the above signals become invalid.
Now that we have these signals in place, we can also see how MA200 is starting to curve down while BTCUSD is moving up; they are about to converge.
- MA200 is sitting at $9248 and can potentially be hit as one of our targets.
- The is strong above 50 (sitting at 56.6) as well as the . This one is looking really good and allows for so much more growth.
- The is also looking good and trending in favor of the bulls.
All that is needed here is one more push and good to support this move that is on the making... One thing is for sure, the pattern we saw in early January is now producing results.
We are seeing prices moving higher... Let's hope Bitcoin continues growing for all of us.
Bitcoin Breaks Another Barrier (Signals) | $7700 - $7990 Next!
Bitcoin's First 2020 Very Strong Signal, Bullish Engulfing (Q1$)
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Some others have no attachments to the outcomes and only feel grateful and practice gratitude by saying thank you, cultivating the feeling and really appreciating just the fact that they are alive, that they have the chance to be involved.
Any conflict with ideas of what is right, who is right, what is wrong, who is wrong is completed dissolved...
Love can be expressed through the Ego, by controlling, arguing, screaming and not letting-be of the other Soul...
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Whatever happens next, I am open to the will of God!
If price manages to breakout MA20 in the mid 8000$ then it would likely act as support for a bull run like back in 2016.
Anyway i think a breakout there need much more volume than what we actually see.
Hence any predictions are pretty tricky here.