Technical analysis by longsonvn about Symbol BTC: Buy recommendation (5/16/2024)

On May 15, 2024, BTCUSD moved up and closed above its own MA-50 for the first time since April 13, 2024. It also broke out of a yellow trendline as shown on the chart and closed above the high of May 6, where it was first rejected at its MA-50. The breakout provides a new buy point here on D timeframe.Trade active: As of May 26, 2024, BTCUSD is still acting well above the trendline and we are still holding our long position.Trade closed: stop reached