BTC/USD - Bullish momentum?
Given the global uncertainty right now, it is entirely possible that these indications will not translate into Bitcoin's structure. However, I felt it should be noted that Bitcoin's daily momentum appears to be developing strength.
The derivative oscillator in the bottom pane indicates a shift in momentum. A shift right here in momentum would allow the relative strength to maintain support above Bearish control.
In my opinion, things look primed to launch. And Macro targets stretch beyond 100k.
Here are two potential trade setups - the first being more liberal with the stop loss, the second for those who like a tight stop.
I say long your longs until we see a $100,000 Bitcoin. Happy trading.
The derivative oscillator in the bottom pane indicates a shift in momentum. A shift right here in momentum would allow the relative strength to maintain support above Bearish control.
In my opinion, things look primed to launch. And Macro targets stretch beyond 100k.
Here are two potential trade setups - the first being more liberal with the stop loss, the second for those who like a tight stop.
I say long your longs until we see a $100,000 Bitcoin. Happy trading.
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