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So it was worth the wait and now easy to say that things are in the green and at least trending bullish for bitcoin at the moment when looking at the Daily chart…
We have a confirmation with the price breaking above the cloud after forming a TK crossover and the Cloud crossing as well to now form a bullish colored cloud. We also have a visual confimation with the Parabolic SAR showing us that the dot is below the priceline stating that it is currently bullish and letting us know price will continue to climb,
We also have a cross of the 80 RSI stating that we are now in a bullish break out and for at least at this moment will continue to climb in both price and volume. We have a comfimation with the ADX letting us know momentum is now green and bullish too.
And then finally the MACD is has now also crossed over and still very low at the bottom of the trend letting us know that with volume the price will now continue to grow and continue to climb.
So everyone be careful, set your stop loss (which for me is usually set near the converstion line of the ichimoku or at the price or first cloud line depending on the momentum), and be happy because the charts are saying that all things are bullish at the moment and should continue to climb!!
Published at Tue, 19 Feb 2019 16:22:02 +0000
