CapMoore

BTC/USD Advancing On The Back Of Bullish MACD Cross Feb 10 2018

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Price is advancing on the back of a Bullish MACD cross and is
closing in on the stronghold support & resistance confluence
level at 9200-9600, made up of Trendline/61.8 fib/Weekly pp/
and slightly above that at 9750 the Kijun line (white line).
Chances are we might see a bounce from here or hesitation,
but if broken with conviction and a strong candle, next resistance
stands at 10800 (Weekly R1) and 11300 (50 Fib).
Bulls would like to see price break above the 9200-600 level
on the back of a Cloud breakout on the H4 timeframe, i.e
a close above the Weekly pivot point at 9200. Intraday
support currently stands at 8400-500 (Res/daily pp             )
Note the angle of the MACD crossing on the daily this time
as compared to the previous false crossing. This one do look
more promising.
Ali like it just had a quick look to see what others were doing and yours and mine are almost identical. I hope it goes through. :)
Reply
@Daggis, Yes, I have to be objective when analysing but most of us are bulls by heart.
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