BTC just broke the major descending triangle to the upside. It is two full candles above the 9 day SMA, one full candle close above the 20 SMA, MACD crossed up, BB %B is positive, volume is building, above the weekly 9 SMA is just 2 closes away, and it’s comfortably above the PoC on the daily and slightly below on the weekly.
The perfect setup for another run up to test the 200 SMA. I think there’s enough momentum to clear the 50 SMA and take the upper BB higher.
I am letting this runner run. Your thoughts/feedback?
The perfect setup for another run up to test the 200 SMA. I think there’s enough momentum to clear the 50 SMA and take the upper BB higher.
I am letting this runner run. Your thoughts/feedback?