BTC - Bullish crossover on 3 week chart setting up.
Updated
On the 3 week chart when the candles are switched off and only the MA13/30 crossover remains it acts a predictor of bullish movement .
For example a look a the areas marked 'A' and 'B' show that when the MA13 ( White line) crosses over the MA30 (blue line) there is a bull run.
when the candles are enabled the graph looks like this
what could this mean ?
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A peek at the chart below shows a close up of the current setup
I take this to mean that if BTC moves above 27500 a bullish crossover is going to occur on the 3 week chart. This will result in the faster MA13 moving above the slower MA30 and there should be a corresponding bullish movement up .
For example a look a the areas marked 'A' and 'B' show that when the MA13 ( White line) crosses over the MA30 (blue line) there is a bull run.
when the candles are enabled the graph looks like this
what could this mean ?
------------------------------
A peek at the chart below shows a close up of the current setup
I take this to mean that if BTC moves above 27500 a bullish crossover is going to occur on the 3 week chart. This will result in the faster MA13 moving above the slower MA30 and there should be a corresponding bullish movement up .
Note
What if this fails=====================
Then there will have to be a very large red candle downwards which will move down fast so as to ensure the MA13 remains below the MA30 .
Note
A failure would be similar to the setup in the chart below that occurred in 2014 with the nasty looking red candle down
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