#Bitcoin bullish simple reasons

Bitcoin / Dollar BITFINEX:BTCUSD


Simple reasons to buy I think. I’ve added MACD which shows cross overs in white and divergence between the MACD bars and candlestick closes shown in red and green lending support to direction of the market with underlining white horizontal lines included. My other chart is still waiting for developments before it can be updated as a fractal low and high were supposed to be developing but for some reason haven’t yet. This chart may offer some explanation. Also if market closes above the offset 5 day average that would also potentially be a positive development.

By admin