Golden Cross V Rising Wedge and Low Volume
Hello Traders, Bitcoiners, Hodlers and Chart Watchers,
Looking mostly at the Daily BTCUSD Pair:
On the current trend the 50MA/200MA golden cross will happen ~ 2/20/2020 - Within a week
The BTCUSD pair on the daily chart is showing a steep rising wedge that will break within a week
Xi Jinping Resistance ranges between 10,480 - 10,580
What is most interesting about this chart is that that Xi Jinping announced support for blockchain technology right after the Death ~ 10/24/2019 and The BTCUSD pair rose sharply with volume. Had there been no positive news at the time, the BTCUSD pair should have tanked to the long term support set in December 2018 to march 2019.
What will happen when we make the golden cross in a week? Time will tell.
Looking mostly at the Daily BTCUSD Pair:
On the current trend the 50MA/200MA golden cross will happen ~ 2/20/2020 - Within a week
The BTCUSD pair on the daily chart is showing a steep rising wedge that will break within a week
Xi Jinping Resistance ranges between 10,480 - 10,580
What is most interesting about this chart is that that Xi Jinping announced support for blockchain technology right after the Death ~ 10/24/2019 and The BTCUSD pair rose sharply with volume. Had there been no positive news at the time, the BTCUSD pair should have tanked to the long term support set in December 2018 to march 2019.
What will happen when we make the golden cross in a week? Time will tell.
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