🔥INCREDIBLE🔥
📊The CHARTS continue to give us VERY INTERESTING signals
💰What does the TECHNICAL ANALYSIS say about #Bitcoin and the SP500⁉️
🟢#Bitcoin on its WEEKLY timeframe has just had a BUY SIGNAL on the MAC D
▪️In addition to that, it used the SIMPLE MOVING AVERAGE of 50 periods as a FLOOR, an area where the 0.382 fibo also was
What is important for BTC now⁉️
▪️The important thing is that this BUY signal from the MAC D serves to BREAK UPWARDS with STRENGTH the long-term trend line (purple color), which has been the MAIN CEILING of this rise
▪️The last time $BTC had this buy signal on the weekly MAC D, it then rose 75% in 63 days
🟢The SP500 is also about to have a BUY SIGNAL on the WEEKLY MAC D
▪️The most interesting thing is that the SP500 stopped falling RIGHT at the 0.618 fibo (the most important Fibonacci level of all)
▪️Additionally, that 0.618 fibo zone perfectly aligns with the MIDDLE ZONE of the VERY LONG-TERM PARALLEL CHANNEL
What is important for the SP500 now⁉️
▪️It is FUNDAMENTAL that this BUY signal from the MAC D helps the price to establish ABOVE the simple moving average of 50 periods (current ceiling)
📍If HISTORY repeats itself, both #Bitcoin and the SP500 should RISE alongside the BUY signal from the MAC D