Pattern: Bullish Megaphone on 1D. Signal: Buy as the LMACD just formed a Bullish Cross (previously a sign of an upcoming rise within the Megaphone). Target: 260.00 (just below the 1.5 Fibonacci extension). Most recent XMRUSD signal: ** Please support this idea with your likes and comments, it is the best way to keep

  This is a quick update on BTC’s short-term price action following the holding of the 1D MA50 showed on my last post. I am taking you to the 4H time-frame on this study, as perhaps the most important development over the weekend was the fact that the 4H MA50 (blue trend-line on the chart)

  Update on today’s price action. Bitcoin made contact with its MA50 on the 1D time-frame (blue trend-line) for the first time since October 08, 2020 (roughly 110 days). The RSI is also testing its Support Zone which is holding since mid March 2020. Can this be enough to contain this correction from January’s High?

  Bitcoin remains under pressure since the January 08 High, with its main pattern being a Channel Down. On the 4H chart, the RSI and LMACD indicators have formed sequences similar to the mid November – mid December 2020 consolidation phase. As you see on the chart those are bottoming patterns formed within a short-term

  Do you remember this trend-line I posted back in June, 2020? Well it is time we have a new look at it as it is closed to being tested again. ** The underlying trend-line ** As you see this is the dominant trend-line since the March 2020 bottom that was caused by the massive