/cdn.vox-cdn.com/uploads/chorus_asset/file/23962442/acastro_STK067__03.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/24247717/lp_logo_3.0.jpg){kind=logo}
/cdn.vox-cdn.com/uploads/chorus_asset/file/24016885/STK093_Google_04.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/24808816/Starfield__The_Settled_Systems___Supra_Et_Ultra_____Starfield__The_Settled_Systems___Su)
[ad_1]
The latest bitcoin price action has turned positive on almost every important time frame: from today to daily to monthly.
If these signs confirm with the monthly closing of June, the train will have officially left the station in time for the next crypto bull run.
BTCUSD momentum builds across multiple timeframes
Imagine a train that has come to a complete stop. It’s very easy to board the train before it idles and picks up speed. The speed starts off slow, then once the train really starts moving it starts steaming non-stop. It takes force, time, and distance to slow it down before stopping once again. Coming in the way of a train can prove to be dangerous.
If bitcoin price can continue climbing through the end of June, the bullish momentum will strengthen on almost every important time frame, from daily to weekly and monthly.
This is according to the LMACD, which shows a bullish crossover and buy signal on the following timeframes in the chart below: 1D, 3D, 1W, 2W, 3W, and 1M (clockwise). Such a signal may mean that the train has left the station.
Bitcoin has reclaimed $30,000 | BTCUSD on TradingView.com
Are the Stars Aligning for a Bitcoin Bull Run?
Just like when the stars align, people expect something special, most important time frames indicating strengthening momentum could mean like a locomotive, bitcoin is starting to pick up speed. .
And once it starts, and the train leaves the station, it’s not as easy as getting on it for a ride. However, it is still not entirely clear whether that phase has started, or whether the train has to make a few more stops before it can reach its final destination.
Conversely, the weekly LMACD crossover could fail and this could lead to a monthly crossover and a divergence to the downside. At that point, things could get difficult for the crypto and bullish crossovers with lower time frames could be in serious danger. Anyone currently boarding a train is likely to be disappointed.
What do you think? Has the train left the station in bitcoin?
This chart originally appeared Issue #9 of Coinchartist (VIP), Get 10% off One year subscription with this link:
