RSibayan

Bitcoin - Watching The Green Support Trend Line

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Watching The Green Support Trend Line

Downside Breakout Target: $10,825
Upside Target: $11.6K
Comment: Bitcoin is below the 20 Period Moving Average. Probability of a breakout to the downside is high. Bitcoin must stay above the 20 Period Moving Average if it hopes to continue it's upside journey.
Comment: Currently trading below the 20 Prd MA
Comment: Bitcoin trading above the 20 Prd MA and passing the $11,375 price point is a good indicator of further upside price action.
Comment: So far so good.
Comment: Bitcoin now trading above the 20 Prd MA and has passed the $11,375 price point. More than likely it will continue its upside journey to $11.6K.
Comment: Bitcoin continues to struggle to get above the $11,375 price point.
Comment: Bears trying to sell but the bulls just buy the dips right up.
Comment: Good recovery by the bulls.
Comment: Bulls must now push the price up past $11,377 if they wish to continue this uptrend.
Comment:
Comment: Bitcoin breached the green support trend line and was below the 20 Prd Moving Average when it broke to the downside.
Comment: BULL FLAG
Comment:
Comment: Bull Flag, Bitcoin above the 50 Prd MA.

Comments

Keep up the good work.
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RSibayan HammadHaidari
@HammadHaidari, Thank you, sir.
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Great work, keep it up
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RSibayan BakiShirzadi
@BakiShirzadi, Thanks for viewing my post and for your positive comment. More power to all your trades.
Reply
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