cybernetwork

BTC: Correction Over?

Long
BITSTAMP:BTCUSD   Bitcoin
BTC have now pierced above the (green) 50 daily SMA line, as well as above the Bollinger band, after previously getting rejected 3 times.

Note: Will need the current daily candle to close above the green 50 daily SMA line for confirmation.

Inverse head and shoulder pattern breakout indicates momentum reversal.

FG{50/15} histogram have now turned green, and is about to flip into the positive again. This is in confluence with the start of previous major run-ups during the bull market cycle.
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