YinYangCrypto

BTC, where are the bulls?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi people, we are in a critical zone for BTC             the next days. It is the important 200-day EMA resistance. As you can see on my trend analysis, BTC             is slowly touching this level above.

This level is so important, that we have to see a strong upmove across the 200-day EMA line to move higher, otherwise we could have a pull back from that level witch will bring us to 5700.

MACD shows a bullish divergence , remember that only a bearish MACD cross to the downside confirms a downtrend.

The level above us where we move if we cross the resistance right now is at 9200 - 9300!

Comment: Breaked out! Target: 9200
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