A break from the correction, marked here on the chart on the upper trendline, will be bullish for Bitcoin.
There are some very good signs so far:
1. The MACD lines on the weekly chart seem to be converging, potentially going from negative to positive.
2. On the daily chart, we see the same pattern. This time, we broke the minor correction trendline with MACD lines already showing positive convergence.
https://www.tradingview.com/x/dAR4WJDj/
The power of one setup is often sufficient, but if it's valid on multiple timeframes, it's even better.
What's your take on Bitcoin here?
There are some very good signs so far:
1. The MACD lines on the weekly chart seem to be converging, potentially going from negative to positive.
2. On the daily chart, we see the same pattern. This time, we broke the minor correction trendline with MACD lines already showing positive convergence.
https://www.tradingview.com/x/dAR4WJDj/
The power of one setup is often sufficient, but if it's valid on multiple timeframes, it's even better.
What's your take on Bitcoin here?
Disclaimer
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.
Disclaimer
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.