Bullish on Bitcoin

Bitcoin broke bearishly out of its mini triangle consolidation pattern on Sunday and delivered bearish follow through on Monday.

However, Bitcoin found support at the 50 day MA on Monday and is in the process of forming a bullish reversal. Bitcoin is currently in a daily uptrend. A swing low and a close above the 10 day MA will indicate a continuation of its daily uptrend and signal a cycle band buy signal.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.