Bitcoin Consolidates Above 50Day MA –- Watching for Breakout

BTC closed above both the 50 day MA and the upper daily cycle band on Day 10.  BTC has since been consolidating above the 50 day MA, which is helping to allow the 10 day MA time to catch up to price.  A bullish break above consolidation 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.