Btc Bullish 2h 10/20/50 EMA CrossOver Possible Change In Trend As the title states we have a bullish crossover on the 2h chart even the 50 EMA was crossed over now
i will update a little later we need more data on a longer time frame i will update the post below
tomorrow once we get a little more data we are about to cross over 10/20 ema on the 4hr chart
things are looking rather bullish.(Wait for confirmation)
If you read my posts during the week and mainly the past 2 days you would see the bears are just
about done look at the long term MACD i mean really long term since this bullish momentum started
believe it or not the bears have mostly been in control. Well it looks like they have really ran out
of steam they have had too much control over this market for a long time now and the bulls have
been patient in how they played this one i have watched it every day for the past 6 months if not
longer.
I know we have been up and down lately and i don't want to explain myself over and over but looking
at all the indicators and trending patterns we should have full confirmation of a change in trend
soon maybe a day or two depends on how much sideways movement there will be, i think this is going
to be a game changer and the main reason being is we have started a small uptrend and it looks
strong the RSI looks good the Macd is good there are multiple crossovers coming up on many
of the charts, one more thing to note is the lower low eventually happened and this is what most
traders have been waiting for.
Now i did say that my bottom was $7200 along time ago we may have breached that a little but
if you look where people bought in you will see that most sold for a profit to buy back in they
where all talking about it last night mostly the whales.
Now you see the shilling that is going on that alone is good news do not let people make decisions
for you do it for yourself use your own TA patients will pay off do not listen to people bashing
btc because it retraced more than everyone thought it would.
And good luck i will keep this updated over the next few days.But it is a good sign trust me there
are people that were starting to lose faith even me for a few hours last night but i can see this
being a good sign.We need more data so wait for confirmation and wait for longer time frame
cross overs people are buying and it is restoring faith in the bitcoin market again.don't let the
'SHILLS GET YOU DOWN' they only arrive when a change in trend is coming MGPC will be posting
soon.
