ralis24

Bitcoin - another run?

Long
COINBASE:BTCUSD   Bitcoin
The set up for another leg higher is looking good here. Note the ADX line (blue line) on the directional indicator. You want to see that at a low level and ideally below both the DI- and the DI+ lines. This indicates a calm trading time as opposed to an overheated situation when the blue ADX line is high above both DI lines (as it was around the previous top on the 14th of May,) Note also the parabolic SAR reading is about to flip to bullish.
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