Price appears to be finding support above the long-term horizontal stretching all the way back to the 2017 All Time High... as well as a key horizontal level.
This forms the 'test' of previous resistance, setting the foundation for a strong rally that moves us up to the $14,000 level for BTCUSD.
MACD momentum is also crossing over both the MACD signal line and also the MACD histogram zero level. A strong bullish sign.
We expect traders and algo bots to start taking long positions in BTC and altcoin markets.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
This forms the 'test' of previous resistance, setting the foundation for a strong rally that moves us up to the $14,000 level for BTCUSD.
MACD momentum is also crossing over both the MACD signal line and also the MACD histogram zero level. A strong bullish sign.
We expect traders and algo bots to start taking long positions in BTC and altcoin markets.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
