Although the price at one point crossed $ 2600 mark, but once again failed to
show any bullish momentum — which indicates investors are still not convinced to buy Bitcoin to take it to new highs.
Prices marched upwards again on the back of the CME news and Bitcoin broke another barrier trading above $ 6,400 and continuing to
show bullish momentum.
A week later on July 3rd bitcoin is
showing some bullish momentum as it tried to break the $ 2600 zone.
Not exact matches
Price action
shows accelerated
momentum, with the 50 - day moving average forming a
bullish crossover with the 200 - day MA.
The next step before attempting to establish a low - risk buy entry in a stock that is basing out is to ensure the price action has begun to
show signs that
bullish momentum has moved back in our favor.
Jay introduces the guests and sponsors for the day's
show and Michael Oliver says that his
Momentum and Structural Analysis has turned decidedly
bullish on gold.
We're looking for companies that are undervalued — both on a discounted cash flow basis and versus peers — have strong growth potential, have a solid track record of creating economic profits for shareholders with reasonable risk, are strong cash flow generators, have manageable financial leverage, and are currently
showing bullish technical and
momentum indicators.
Price action on the monthly chart,
shows that
bullish momentum has only started building up since 2009.
Either price is consolidating for a greater move in general, or, this represents a bearish divergence
showing a higher highs in price on lower volume, which would suggest weakening
bullish momentum.
The cryptocurrency market is
showing a lot of
bullish signs as all major cryptos such as bitcoin, Ethereum, ripple, bitcoin cash and litecoin gained upside
momentum during the past few hours.
Currently, the short - term 50 - SMA is interlocking with the longer term 200 - simple moving average trendline at $ 963 to
show that the
bullish momentum will sustain the upside gains.