The Santa Claus Rally is here - Bitcoin jumps to $3400 (up 5.86%)
Behold Crypto Lovers.
Santa Claus Rally is here :)
Bitcoin is up 5.86%
Currently trading at $3400
Cryptocurrency Market Cap zooms to $109 Billion
Seasons Greetings everyone !
Chart Source: Coindesk.
I think that the finer details of the BTC chart show some reversal signals (not currently confirmed). We have not yet reached the $ 3000 level, and there is no guarantee that we will do it. Ultimately, if the candle is not full the morning star, it is likely that we will continue to descend, until we test the support at $ 3000. In any case, the decrease in the momentum of the sale, the potential star of the morning, several tops, a divergence of the MACD in the building and a silencing volume, shows that the market is undecided and we may be facing a brief turning point in this liquidation. With that said, do not jump to these conclusions are confirmed. The technical development I am looking for, as an indicator that a rally is starting, is well above the 10 EMA in an increase in volume and momentum expansion.
this is my recent post please take a look at it and tell me what you think about it.
https://steemit.com/bitcoin/@orphism/bitcoin-next-move
cheers.
happy trading.