FerroIgnique

BTC poised for textbook 50 SMA Confirmation

Long
KUCOIN:BTCUSDT   Bitcoin / Tether
Bitcoin had a Golden Cross in Sept, but then the priced dipped below the MAs and tested the bottom of the Ichimoku Cloud. The price then rallies above all the MAs and Cloud's base and conversion line. This recent pullback is a bounce off the 50, and the TOP of the cloud. While MAs and clouds aren't deterministic, if you look at past retraces and Golden Crosses, this behavior (dip below, rally above, retrace and confirm) predicts that we will be above the cloud and MAs for some time. My next big trial I have in my mind is the Futures Expiry in lat Dec.
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