Trendline dating back from the pop/peak of the 2017 EOY bubble to the upward swing in 2019, and finally the 3rd bullish wick cuts through the once bearish trend line line.
After the May 2019 golden cross that occured on the 200 EMA & 50 SMA we've been on a bullish and rocky trajectory upwards in anticipation of huge capital gains to be sold in this current quarter.
I advise all traders to consider the possibility that entering into a futures contract here may be unwise. However think of 11k bitcoin may not have the magnetic pull that 12,000 does.
I'm very bullish and I recommend you take your positions with stop loss, but I am not since I've been seeing nothing but bullishness lately.
After the May 2019 golden cross that occured on the 200 EMA & 50 SMA we've been on a bullish and rocky trajectory upwards in anticipation of huge capital gains to be sold in this current quarter.
I advise all traders to consider the possibility that entering into a futures contract here may be unwise. However think of 11k bitcoin may not have the magnetic pull that 12,000 does.
I'm very bullish and I recommend you take your positions with stop loss, but I am not since I've been seeing nothing but bullishness lately.