Bitcoin - nice price movements coming soon !
Current price area is no trading area because there are only small movements with low volume. Wait for a clear direction confirmation before entering this trade. Clear confirmation is an break out/down and close of couple candles under or above trend line.
-price moves still in up trend channel
-price bounce several times from up trend line support which indicates strong support at this line
-price holds above 20D ,50D and 100D Moving averages which indicates further bullish movement
-MACD showing further up movement after crossing of baselines
-RSI within triangle and near breakout/breakdown
Good luck to all and have a nice weekend !
-price moves still in up trend channel
-price bounce several times from up trend line support which indicates strong support at this line
-price holds above 20D ,50D and 100D Moving averages which indicates further bullish movement
-MACD showing further up movement after crossing of baselines
-RSI within triangle and near breakout/breakdown
Good luck to all and have a nice weekend !
Trade active:
price following the up trend channel and testing resistance - chart showing further up moves
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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