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mingguan Bitcoin Momentum Cross Bullish Pikeun Pertama Kali Saprak Maret 2021
Bitcoin price has been unable to get back to $50,000, but with momentum at its back for the first time on weekly timeframes since March, the top cryptocurrency might blast right on through it.
Ieu katingal langkung caket kana brewing crossover bullish anu signifikan, tapi ogé naon anu kedah diwaspadaan ku para investor crypto upami pasar terus ngahijikeun deui.
Bitcoin Momentum Indicator Crosses Bullish For First Time Since ATHThere is a battle of the words waging on across the crypto community – a fierce debate over if Bitcoin has started another bear market, or if the bull market has final leg up ahead.
Ngan hiji sisi perdagangan bakal leres dina tungtungna, tapi anu mana? Waktos bakal mutuskeun, tapi analis Samentara éta nyobian pikeun nangtukeun arah probability pangluhurna cryptocurrency luhur mana salajengna.
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Trend strength indicators suggest that bulls are in control, but momentum has been in bear’s favor since the peak in late March and early April 2021.
Around that time, Bitcoin price was trading around the current all-time high of $65,000, when the LMACD crossed bearish and the downtrend first began. After last night’s weekly close, however, things have flipped back bullish for the first time since.
Weekly momentum has crossed bullish above the zero line | Source: BTCUSD on TradingView.com Pivotal Point In Crypto Market Cycle Is Clear With LMACDThe LMACD is the logarithmic version of the Moving Average Convergence/Divergence indicator and better accurately represents momentum in Bitcoin price on the log scale.
Although the signal is indeed bullish, Bitcoin bulls are not yet out of the woods. Such crossovers are less reliable when markets are consolidating, and depending on the macro climate, crypto could move sideways a lot longer like it did in late 2019 and 2020.
Crossovers with consolidation are less reliable | Source: BTCUSD on TradingView.comDina titik éta, kumaha oge, aya kénéh résistansi pasar biruang leftover pikeun contend kalawan, nu teu aya kiwari. Gambar di luhur ogé nunjukkeun yén LMACD tetep di luhur garis enol, anu nunjukkeun yén aset éta bullish sareng nyalira. Dina dua panungtungan tina opat crossovers bullish éta luhureun garis enol, sarta ngan sinyal katilu jadi jauh anu dihasilkeun rally signifikan. Kumaha bakal kaopat rengse?
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Kadé dicatet kitu, éta crossovers condong jadi teuas perang. Candak bagan di katuhu handap, contona. Bagan harga bulanan dibuka bearish kawas mingguan dibuka bullish, tapi aya hiji perjuangan lumangsung antara dua kakuatan pasar lawan: pembeli na sellers.
Both the daily and monthly are also at inflection points | Source: BTCUSD on TradingView.comThe LMACD poean di sisi kénca ogé warns of a cross biruang poténsi on timeframes handap, nu bisa nempatkeun kawin silang bullish dina mingguan di jeopardy jeung kawin silang bearish on timeframes bulanan deeper kana beureum.
Naon indikator moméntum kritis nembongan nyarankeun, éta pasar crypto aya dina titik infleksi utama dumasar kana moméntum, sarta bisa ngabitukeun dina hiji arah atawa sejen gumantung kana naon anu lumangsung dina dua minggu hareup payun sakumaha Agustus datang ka nutup.
#Bitcoin crosses bullish on the weekly LMACD while above the zero-line. Bullish and bullisher. pic.twitter.com/5qUWnzLIWy
- Tony "The Bull" Spilotro (@tonyspilotroBTC) 16 Agustus 2021
Tuturkeun @TonySpilotroBTC dina Twitter atanapi via Telegram TonyTradesBTC. Eusi mangrupikeun pendidikan sareng henteu kedah dianggap naséhat investasi.
Gambar anu dipidangkeun tina iStockPhoto, Bagan ti TradingView.comsumber aslina: NewsBTC