Crypto analyst and trader Tone Vays suggests that Bitcoin, the largest crypto by market value, is showing signs of being primed for an upward explosion. Anticipated Bitcoin Rallies of $34,000 and $55,000 He expresses doubt about a crash occurring in the next 12 hours, stating “the next candle will be a green star candle, and hopefully, it will put us in a new high swing. The last green star candle took all the thunder. Now, most of the thunder will occur in the reversal candle, which is officially not a tradable candle, but the moving averages are moving into the uptrend area and the weekly chart is now fully in uptrend mode according to Consensio.” The Consensio trading system that Vays refers to uses three different moving averages to determine an asset’s momentum and to set the position size. Looking at the price chart shared by the analyst, it appears […]
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