BTCUSD 50EMA & 100MA Bullish Cross Long-term Signal Forming
BTCUSD 50EMA and 100MA Moving Averages on the Daily Chart have just crossed signalling a possibly long-term bullish trend. 50EMA and 100MA cross patterns have historically been very good at signalling a trend reversal. Check out BTCUSD and even ETHUSD daily charts with the 50EMA and 100MA moving averages. Both has only recently crosses signnalling a bullish long-term trend.
Wait for more confirmation cause these lines can sometimes be pulled away with sudden bearish or bullish price action to cancel out the pattern and signal. Take note that the price value calculated on the chart starts and ends every time the moving averages cross bullish or bearish, so it is a very conservative number. If you are able to determine the tops and bottoms you can gain even more or you may have your own take profit targets based on your own research and probably gain more than what is shown in the chart.
Just wanted to share an observation. I am bullish on BTCUSD. The way up is not a straight line, there will be minor corrections and retracements but don't let the bears get to to you. As long as the bullish signals play out we are well on our way.
Nothing is 100%. Trade only what you can afford to lose. This is only an observation and not financial advice. Please do your own research and if you want to get in a trade wait for more confirmation and plan the best entry point. Also look out for bullish and bearish regular and hidden divergences on this uptrend when it happens as these are good patterns to use in deciding entry points and exit points of your trades. Refer to link.
Good luck everyone!
Wait for more confirmation cause these lines can sometimes be pulled away with sudden bearish or bullish price action to cancel out the pattern and signal. Take note that the price value calculated on the chart starts and ends every time the moving averages cross bullish or bearish, so it is a very conservative number. If you are able to determine the tops and bottoms you can gain even more or you may have your own take profit targets based on your own research and probably gain more than what is shown in the chart.
Just wanted to share an observation. I am bullish on BTCUSD. The way up is not a straight line, there will be minor corrections and retracements but don't let the bears get to to you. As long as the bullish signals play out we are well on our way.
Nothing is 100%. Trade only what you can afford to lose. This is only an observation and not financial advice. Please do your own research and if you want to get in a trade wait for more confirmation and plan the best entry point. Also look out for bullish and bearish regular and hidden divergences on this uptrend when it happens as these are good patterns to use in deciding entry points and exit points of your trades. Refer to link.
Good luck everyone!
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