FINALLY! Bitcoin is finally about to have a Bullish MACD cross. This has not happened on the one day chart since 4/8/18. The volume is average and all the indicators are moving up. Bitcoin is also looking to test the 20 day moving average.

The 4 hour chart has a MACD cross on 5/29/18 (we know you can argue that the cross happened on 5/25/18). It has taken the one day quite a while to confirm. Once the confirmation occurs we should see a move to $7800.

The problem with all this is that we are at the upper end of a downward channel so the next 24 hours is key. We need to see a Bull break in the next 24 hour period.

4 hour

1 day

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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)