cosmicnexus

Watch for BTC BB upper band tagging/breakout for bull run

Long
BITBAY:BTCUSD   None
I noticed this pattern of similarity looking for other times of BTC consolidation with a similar MACD pattern. There are a great deal of similarities in the pattern on this chart to what we see now for July 2020. It will be interesting to see if we get BTC moving up across the middle BB tagging the top BB and breaking through it if we also see the end of the current consolidation and start of the next bull run up higher whereby BTC would start testing the next major 10,500 resistance level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.