✳️ Metal Bullish Bias Explained + Related To Bitcoin
Here we have a mixture of patterns that alerts us of a bullish bias.
MTLBTC
- Produced a very strong decline. A strong move to any side produces a similar reaction to the other side.
- This steep decline from 20-Feb. to 22-Mar. ends in a higher low compared to Dec. '22.
- A volume breakout takes place; the highest volume since February. This signal goes together with the previous two.
- As these signals accumulate, prices break above EMA10.
Some other pairs, not many but a few, are starting to show huge breakout on the Bitcoin side.
If more pairs break bullish, this confirms that this group of Altcoins is ready for a bullish wave.
It also confirms Bitcoin's higher low, regardless if the correction it produces is weak or strong.
Namaste.
MTLBTC
- Produced a very strong decline. A strong move to any side produces a similar reaction to the other side.
- This steep decline from 20-Feb. to 22-Mar. ends in a higher low compared to Dec. '22.
- A volume breakout takes place; the highest volume since February. This signal goes together with the previous two.
- As these signals accumulate, prices break above EMA10.
Some other pairs, not many but a few, are starting to show huge breakout on the Bitcoin side.
If more pairs break bullish, this confirms that this group of Altcoins is ready for a bullish wave.
It also confirms Bitcoin's higher low, regardless if the correction it produces is weak or strong.
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
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