Uptrend for BTC . I will be short:
1. Higher lows are forming meaning uptrend.
2. Breaking into . All we need now is to close firmly above $8,600 point to expect further growth to the next point which is $8,934. There is still a resistance, as you can see from the wicks.
3. Increase in purchase volumes, meaning more people are buying and less selling.
4. shows an uptrend
5. shows overselling on small time frames, which means price will go down a little bit, but the uptrend will continue.
6. We are firmly above 20, 50 and 100 moving averages (MA), which indicates a strong uptrend.
7. Formation of rising stars, also indicates uptrend.
In conclusion, we need to stay and close inside or above to continue an uptrend.
I would go long, once we break firmly $8,600 resistance line.
Was a very good opportunity for short. It showed good selling volumes and MACD started to show a descend.
We are still within the channel and are moving towards $6000, where we can either go up or go further down.