Bullish Reverse Divergence to boot.
Bitcoin had been pulling back since mid-July after 7/14 Price-Indicator weakness revealed itself and confirmed on the 8/11 high.
So, as of today Bitcoin has put-in bullish Price-Indicator Disagreement, otherwise known as Reverse Divergence. When price is able hang high while MACD pulls down to an August 29 equivalent low as compared to the prior June MACD low, then Price proves strong and bullish.
We are now long Bitcoin, waiting for price action to confirm.
