Bullish bitcoin for this week?

The MACD and the ADX are two powerful indicators which I love to use when analysing the crypto market and it works for me at least 90% of the time , and the remaining 10% when it fails is when a fundamental news had negative effect on the market and caused a quick sudden change on the market which made the signals from the indicators to fail at that moment..

The current weekly candle of the bitcoin market is currently green no doubt , the MACD have shown confirmation that the current weekly candle will be really bullish ..

The ADX itself is a non-directional indicator , its job is to measure the strength of the general condition of the market...The ADX value is dropping , which means that the strength of the general bearish market of bitcoin is dropping , so since the strength of the bears are getting weak, then the bulls will over-take , and the macd is showing that the bulls have overtaken back at the moment until further notice..

Bitcoin should be able to continue to rise and touch $22781 before the current weekly candle gets exhausted..

But one thing I cannot certainly say for now is if the whole bitcoin market have begin its new bullish journey which will send it back to its previous ATH or not...let us keep our fingers crossed and see how the market behaves for at least this coming month..



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