BTC appears to be rising for the short term.
The MACD histogram is ascending and the signal could cross soon, if this support level holds.
RSI is also at historical support and we have a green doji candle starting our next potential impulse on the 1 day charts.
The next levels to watch are around the 6.4k-6.6k range. I am particularly interested in the 1 day 13 EMA range around 6.6k as I feel a break up from there could push us above 7k later this month.
My outlook: I am long at this time. The 1 hour EMAs have consolidated and reversed over the last 24 hours, so that is my sign to go long. I am adding more to my position if the price breaks up with strong volume from our current level at $6,350.
Stop loss for longs under $6,150.
Disclaimer: I am not a financial advisor and all trades are made at your own risk.
Gl and have fun.
The MACD histogram is ascending and the signal could cross soon, if this support level holds.
RSI is also at historical support and we have a green doji candle starting our next potential impulse on the 1 day charts.
The next levels to watch are around the 6.4k-6.6k range. I am particularly interested in the 1 day 13 EMA range around 6.6k as I feel a break up from there could push us above 7k later this month.
My outlook: I am long at this time. The 1 hour EMAs have consolidated and reversed over the last 24 hours, so that is my sign to go long. I am adding more to my position if the price breaks up with strong volume from our current level at $6,350.
Stop loss for longs under $6,150.
Disclaimer: I am not a financial advisor and all trades are made at your own risk.
Gl and have fun.
Comment:
Can BTC hold at the golden pocket? It's now or never. Moved stop loss down to $6,050 as well.
Comment:
Long closed. Not enough bullish action. Shorting now so see where we find the bottom.
Trade closed: target reached:
Updating and closing out old ideas. It was validated.