BTCUSD Long
Hello everyone, we're into a "Long Winter"....Really looking to see the sun(moon?) again! So let me share with you what the chart and some indicators are telling me today...
After crossing the first resistence at 7200$ to start a bullish movement, BTC targets next 7800$, 8400$, 8800$.
On 4 hour chart:
MACD - 50,100 showing a bullish crossover looking up.
MACD:
Signal:
DMI - Is picking up strenght, +DI is really above -DI for the first time since April 23.
+DI: 28.0707
-DI: 17.3717
-ADX: 16.0539
OBV: Shows bullish movement starting mid april 1st and remains aiming up.
Brief: BTC have started a mild bull move, if resistence targets are achieved we'll likely see stronger ADX level by level.
- By connecting previous low of Feb 5th to the one in April 1st, you'll see a bullish higher low.
- Trendline connecting the lows form a bull flag triangle with the top of the major downtrend channel that started in december.
- If the price respect the new bull movement breaking all levels it will eventually be squeezed into the top of downtred channel and will likely bounce for some time until it is forced to break up(Negation of the downtred) or down(Confirmation of the downtrend).
If liked what you see/read here please share your like!
I wish you the best on your journey on this Market....above information is educational purpose only, do not buy/sell solely considering it, your own judgement is Always the best for your Money!
Hello everyone, we're into a "Long Winter"....Really looking to see the sun(moon?) again! So let me share with you what the chart and some indicators are telling me today...
After crossing the first resistence at 7200$ to start a bullish movement, BTC targets next 7800$, 8400$, 8800$.
On 4 hour chart:
MACD - 50,100 showing a bullish crossover looking up.
MACD:
Signal:
DMI - Is picking up strenght, +DI is really above -DI for the first time since April 23.
+DI: 28.0707
-DI: 17.3717
-ADX: 16.0539
OBV: Shows bullish movement starting mid april 1st and remains aiming up.
Brief: BTC have started a mild bull move, if resistence targets are achieved we'll likely see stronger ADX level by level.
- By connecting previous low of Feb 5th to the one in April 1st, you'll see a bullish higher low.
- Trendline connecting the lows form a bull flag triangle with the top of the major downtrend channel that started in december.
- If the price respect the new bull movement breaking all levels it will eventually be squeezed into the top of downtred channel and will likely bounce for some time until it is forced to break up(Negation of the downtred) or down(Confirmation of the downtrend).
If liked what you see/read here please share your like!
I wish you the best on your journey on this Market....above information is educational purpose only, do not buy/sell solely considering it, your own judgement is Always the best for your Money!
Trade active:
Above mentioned analysis refer to 2 Hour Timeframe instead of 4H...
Trade closed: stop reached:
As per mentioned on the idea, the uptrend was not strong enough...