We have lots of action on a few key moving averages on the daily. Lots of bots use these moving averages, as you may have noticed from the volitility. Anyways, BTC has claimed the 50MA daily 5 times now, thats a bullish sign, its now working on the 100MA. However its stuck in a classic wedge that could break up or down. Interesting times. Ready to buy in heavy, just using patience here. BTC went 20K to 3k........It can go 69K to 11k. Monthly MACD is also worth looking at. Not advice, archiving thoughts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.