Welcome to this short update on BTC . 55MA is a key oscillator to keep an eye on for a breakout in BTC . It has been getting rejected for a very long time. A break and close above the 55 MA will trigger a bullish PA. Currently, the price is trading right below this MA.
I am bullish , this is a good price to accumulate BTC . Even if BTC makes a new low that will merely be another opportunity.
I am looking at the long picture. If you are a swing trader or a scalper this could be a good price to long with a Stop Loss right below $17,969.
Let me know what you think and do hit the like button if you like my updates.
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