Bulls take control...for now. Two indicators for consideration.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In my last TA I looked at BTCUSD on the 24hr chart and indicated that an MACD and RSI bullish divergence were forming.

These bullish patterns have now clearly formed and we even see a bullish crossover on the MACD . Bulls regain control... for now.

Two major flags to consider in terms of bears taking over again.

1. Bear Resistance Trendline indicated in purple

2. RSI 58-60 level.

I would also consider the MACD historgram resistance level (500-530) as an indicator if it gets to that level.
Mar 20

var tradingview_embed_options = {};
tradingview_embed_options.width = '640';
tradingview_embed_options.height = '400';
tradingview_embed_options.chart = 'EeImQHTT';
new TradingView.chart(tradingview_embed_options);

Bulls take control...for now. Two indicators for consideration. by hughestu on
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out