Bitcoin Bullish Signals

By

Kim Ming Lam

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March 28, 2022

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2

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Bitcoin Bullish Signals

Trading Central Technical Insight flashed a Bullish Signal for Bitcoin at the close of March 25 (Friday).

On a weekly chart, Bitcoin's Williams %R indicator climbed back to levels above the -50 level calling for continued upward momentum.

Source: Trading Central Technical Insight

Also, on a WEEKLY CHART, Bitcoin has jumped back to levels above the 20-week moving average, the first time since end-November.

And, the weekly MACD (Moving Average Convergence Divergence) indicator has just crossed above its signal line indicating upward momentum.

Source: Trading View

On a DAILY CHART, Bitcoin has confirmed a break-out of an "Upside Triangle" pattern calling for further short-term upside.

Source: Trading View

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Kim Ming Lam

Head of APAC Research

Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.