The Bullish Bitcoin Crossover No One Is Paying Attention To
The Bitcoin 20 DMA seems to have just crossed with the 50 DMA, here is how it might be bullish for the cryptocurrency. The Bitcoin Bullish Crossover As pointed out by a BTC technical analyst on Twitter, two important indicators of the cryptocurrency have just had a crossover. The two metrics are the 20 daily-moving average (DMA) and the 50 DMA. Before looking at the data, it’s best to first get a grasp of both these indicators. Moving averages (MA) help smooth out the price data for Bitcoin as they take averages of the price over a specific period and constantly update or....
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Renowned crypto trader Ali Martinez has released a new update suggesting that Dogecoin could be preparing for a large price upswing. In his latest chart shared on X, Martinez draws attention to the stock RSI on the weekly timeframe. The stock RSI appears poised for a bullish crossover, a signal that has historically preceded major Dogecoin rallies. “Dogecoin is about to go parabolic. Historically, when the stock RSI has a bullish crossover on the weekly chart, Dogecoin tends to undergo a significant price rebound,” Martinez states. He points out that whenever this oscillator crosses....
Henrik Zeberg, a macroeconomist known for his expertise in business cycles, has pinpointed an upcoming rally of at least 60% for the Bitcoin price in his latest technical analysis. The seasoned analyst has identified a pattern across three critical technical indicators that have historically signaled major upward price movements when all aligned. Bitcoin Price Set For Next Bull Run Zeberg highlights the Relative Strength Index (RSI), which is traditionally used to assess whether an asset is overbought or oversold. Currently, the RSI is positioned above the 50 mark, which often indicates....
Bitcoin (BTC) has surged 14.6% over the past two weeks, rising from approximately $84,500 on April 18 to the mid-$90,000 range at the time of writing. With this upward momentum, the leading cryptocurrency appears to be setting its sights on a new all-time high (ATH), as several technical and momentum indicators hint at a growing bullish trend. Bitcoin Monthly Stochastic RSI Turning Bullish In a recent post on X, crypto analyst Titan of Crypto shared a BTC monthly chart indicating that the Stochastic Relative Strength Index (RSI) is on the verge of a bullish crossover. For the uninitiated,....
The Bitcoin golden cross, a signal that has traditionally been a bullish indicator, is now official, according to a capital manager. The Famous Bitcoin Golden Cross Now “Official” According to a capital manager on Twitter, the Bitcoin golden cross is now official. This is only the eighth time in the history of the coin that such a cross has occurred. The “golden cross” has been the topic of discussion all over the online crypto communities today, but what is it that makes it so special? Well basically, a golden cross is marked by a short-term moving average (MA)....
LUNA’s price still risks correcting, however, with a weakening RSI and decreasing trading volume. A technical setup that preceded an 80% price rally in the Terra (LUNA) market in August 2021 has appeared again.LUNA paints bullish MACD crossoverThe technical setup involves a so-called “signal line crossover” between LUNA’s weekly MACD line — equal to the difference between the token’s 12-week and 26-week moving averages (MA) — and the nine-week MA called the signal line, plotted above the zero line, as shown in the chart below.LUNA/USD weekly MACD illustration. Source: TradingViewTogether,....