Bitcoin- Engulfing bar, Bull Flag and H&S
In the 4 hour chart, above, we can see a clear Bull flag breaking bullish to complete a Head & Shoulders pattern that projects a rally to 36.6k. The 4hr 20MA crossing above the 4hr 50MA, and a break above resistance in the RSI.
In the daily chart, below, we can see a bullish engulfing bar signaling a turn around, a rally above the 20MA and a breakout of the declining channel. On top of that we can see a bullish cross of the MACD.
Does all that equal a bullish trend reversal?
In the daily chart, below, we can see a bullish engulfing bar signaling a turn around, a rally above the 20MA and a breakout of the declining channel. On top of that we can see a bullish cross of the MACD.
Does all that equal a bullish trend reversal?
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