Thank you my friend!
If this is a real bull run with some legs it will:
- Last over 24 hours
- Bounce off major moving averages on its way higher. EMA12 for hourly right now is $4,042
This is a welcomed relief rally upwards for bitcoin and other alts! I would say though do not FOMO into a position here, give it 24 hours if you’re after a position (unless you’re confident trading this).
Here is one setup I have noted if you would like a bullish scenario short term: $4200 NEEDS to go down first.