The bitcoin daily continues to make inroads. It has established itself in the cryptocurrency's bullish area, between the upper blue and red bands. The hourly chart also has bullishness to it. The EMAs are positive, with the short green above the slower orange. Moreover, there is angle and separation there. The stochastic has crossed bullishly, and if it makes its way into the 80+ levels (blue arrow) and holds, bullish momentum will be underlying.
Senior Market Specialist
Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.