Bitcoin Daily (1)
- it looks like we're building some sort of an ascending triangle again and we might actually see a breakout
- MACD is indicating a bullish cross again and the bearish MACD - Histogram has decreased, which means that bulls are gathering momentum
- RSI is out out the bearish descending channel, back to the +60 mark
- we're also back above the 21 day EMA (yellow), which I believe, will support us in the coming days again
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Bitcoin Daily (2)
- the Ichimoku Cloud is getting thicker, but the distance between the Tenkan and Kijun is increasing, which usually indicates a potential upcoming correction
- the OBV is still in the triangle pattern and if a bullish price breakout will happen, OBV will move first; so I'll keep an eye on it
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Moving Averages
- the 13 day EMA (green) is bouncing at the 21 (yellow), which is a good sign for the bulls. Notice that the 13 is above the 21 since the whole bullish movement started, back in February.
- however, the trading volume continues to decrease, which is a bad sign in general
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