BitcoinLong
BTC Golden Cross on the Daily
Reason we are in a massive bullish reversal for the crypto market:
Tripping of golden crosses for multiple time frames is a good indication we are in a massive shift towards a bull market for crypto.
It is also worth mentioning that this bull run is significant enough that Head and Shoulders is an irrelevant pattern possibility.
Continual bullish news, influencer hype, adoption from institution and retail, and not giving a **** about the infrastructure bill as well as good utility for crypto should be the FA that supports this bull run.
We might see a brief and slight reversal due to the possibility of people shorting it believing it is oversold and with conjunction to the rising RSI/MFI, however, this bull run has proven to squeeze multiple mass shorting as well as recovering quickly from bearish influence (amazon rumor disputed, infrastructure bill, etc)
This will be a very interesting fall.
Happy investing
- Rejection of 1hr death cross
- 1hr Golden Cross
- 4hr Golden Cross
- 8hr Golden Cross
- 1d Golden Cross in formation
- 8h and 1d MACD reversal and strong momentum
- No significant drop (21k/11k) after 1d death cross
Tripping of golden crosses for multiple time frames is a good indication we are in a massive shift towards a bull market for crypto.
It is also worth mentioning that this bull run is significant enough that Head and Shoulders is an irrelevant pattern possibility.
Continual bullish news, influencer hype, adoption from institution and retail, and not giving a **** about the infrastructure bill as well as good utility for crypto should be the FA that supports this bull run.
We might see a brief and slight reversal due to the possibility of people shorting it believing it is oversold and with conjunction to the rising RSI/MFI, however, this bull run has proven to squeeze multiple mass shorting as well as recovering quickly from bearish influence (amazon rumor disputed, infrastructure bill, etc)
This will be a very interesting fall.
Happy investing
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