BTCUSD - W1 - Time to look closely again (MACD & RSI & SMA)
EW and trend analysis can be found in previous ideas.
Just want to mention the MACD cross over possibility and histogram ticking to the upside on a W1 time frame.
This is ideal for long term HODL investments.
Same with RSI bouncing off at bearish reversal zone of 20-30.
We are waiting for overhead resistance at 3800 on lower TF to be taken out. And then previous high of bull swing in Dec.
We are looking at MA200 support on W1 (not a fan of moving averages in lower TF, but they provide good guidance in long term charts).
Just want to mention the MACD cross over possibility and histogram ticking to the upside on a W1 time frame.
This is ideal for long term HODL investments.
Same with RSI bouncing off at bearish reversal zone of 20-30.
We are waiting for overhead resistance at 3800 on lower TF to be taken out. And then previous high of bull swing in Dec.
We are looking at MA200 support on W1 (not a fan of moving averages in lower TF, but they provide good guidance in long term charts).
reaching trendlines apex