So at this moment the bitcoin is trading at above $20000 after it experienced dip some hours ago.
The MACD on the weekly chart and the daily chart is showing that there are signs that the bitcoin might be preparing to start a bullish run if there is no negative news that comes up again to make the market dip more..
I will wait for the bitcoin price to break the $21700 price region as a confirmation of the bulls taking over , failure to break above that price might make the bullish signal to be like a bull trap and that is something I would want to avoid at this moment..
Posted Using LeoFinance Beta
Congratulations @smartthoughts90! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 100 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
I doubt !hiqvote