Good morning everyone,
As you can see, Bitcoin was making Lower Highs and Lower lows which is mentioned in the analysis as LH LL, then BTC broke-out the bull flag surprisingly then RETEST, then you can see it is starting to make Higher Highs and Higher lows.
Golden Cross happened on MACD which is very bullish sign
BTC is trading above 50 MA on the weekly
BTC is broke out and trading above 200 MA on the daily
BTC is trading above 50 MA on the daily
Keep in mind that whales have accumulated lots of alts and BTC throughout the last bear market and they need to distribute on higher prices
this is not a trading advice, it is my opinion based on TA.
thank you
As you can see, Bitcoin was making Lower Highs and Lower lows which is mentioned in the analysis as LH LL, then BTC broke-out the bull flag surprisingly then RETEST, then you can see it is starting to make Higher Highs and Higher lows.
Golden Cross happened on MACD which is very bullish sign
BTC is trading above 50 MA on the weekly
BTC is broke out and trading above 200 MA on the daily
BTC is trading above 50 MA on the daily
Keep in mind that whales have accumulated lots of alts and BTC throughout the last bear market and they need to distribute on higher prices
this is not a trading advice, it is my opinion based on TA.
thank you