FrenchysCrypto

Bullish Signs Piling Up for BTC--But the 50 Day MA is Just Above

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The half-day Stochastic RSI's Bullish (but not quite yet oversold) Cross may be signaling a pump within the next two candles if the trend continues. Further, the RSI is testing a tentative support level while 12-hour candle bodies have finally dragged themselves up off of the 6-day EMA (which roughly represents the average of this entire bull flag ).

For the bearish case, however, the 50-day MA is right above, and will be an important level to watch for strong resistance.

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