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malloofiscoofis

Potential Bullish BTC Trend Reversal

Long
Bitcoin (COINBASE:BTCUSD)  
malloofiscoofis  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) Cryptocurrency china Ethereum (Cryptocurrency)
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trendanalysis chartpattern indicator bitcoin cryptocurrency china ethereum
Very simple but important chart. For a reversal to take place:
-BTC needs to break above the downward sloping resistance line. BTC is currently testing the resistance level.
-BTC needs a MACD bullish cross. The lines are tightening, very likely.
-50 EMA and 20 EMA kiss, not cross.

BTC represents the rest of the market...If a trend reversal happens on BTC daily chart, the altcoin market will be bullish.
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