bitcoin charts prediction 8-24-2018

I think we might be at the foot of a bull run or atleast an upswing to the positive side. the volume (pink rising lines) on the MACD indicator are showing that more people are buying than selling. also the blue line going above that orange line 12 (12 day SMA vr the 50 day SMA) is a typical sign of a rally upwards in price action.

i was very surprised to see that after the most recent etf proposals failed to pass through the SEC that we did not see a sell off... this is a sign of strength i suppose, and i expect the market to be stagnant if not slip a bit over the weekend... its just what usually always happens, bear or bull run in play.

lets see what happens.

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