green_brow

BTC Dip Over - Ready to Test 10k

Long
BITFINEX:BTCUSD   Bitcoin
Still within the upward channel and has bounced off the bottom as resistance. Upward movement on the 4h RSI, bouncing off support at mid-high 40's. Oversold on the Stoch RSI, looking to cross shortly. 4h MACD has formed a triangle and will test the bottom now. If the MACD drops below support, or the RSI turns and drops below 45, expect a lower dip. However, I predict a bounce will be occurring shortly. Next target is the top of the channel, which aligns nicely with the 10k mark. Expect a pull back from that point.

*My Opinion - Not financial Advice.
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