MrInvertigo

More Bulls. BTC Golden Cross Formation on the way

Long
POLONIEX:BTCUSDT   Bitcoin / Tether USD
You can see the 50 Day Moving average (Orange line) is fast approaching the 150 Day MA (Red Line) to form a Golden triangle. You can also see that BTCUSDT has broken out the top of its previous bullish channel (blue straight lines). There is a good chance of more bullish movement if the 50 MA crossess the 150 MA. IF that formation takes place in the coming day or two we can expect some more fuel on the fire that could see BTC go as high as 5650 where there is some resistance as well as a fibinochi retracement level at 5762.

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