TradingView
JamesRennie
May 11, 2020 1:04 PM

Pushing up Long

Bitcoin / Canadian DollarKraken

Description

Stay above 21 daily MA at 11900 and 21 weekly MA at $10900. A break below 21 daily would be bad as it's showing signs of acting as support. A break below 21 weekly would show a likely change to bearish trend. I have written about the significance of 21 weekly MA before. The Price is pushing at top of bolligerband with 2 standard deviations on the daily chart. That is a bullish signal in my opinion also. There is still a threat of post having dump in but I don't see it in the chart and try to follow what the charts show not the news.
More