BTCUSD : after 8 months 1W MACD start looking good
Hi guys,
all daily indicators are on the floor. So i find them a little bit worthless in this condition.
This is the first time in 8 months (!!) that weeekly MACD could make a bullish crossover on the short term. HIstogram is almost completely exhausted since the start of the correction in last December. Righ now the price sitting near a very strong support and might have completed a ABCDE.
My first hypothesis is that price may reach 7.5k mid term which i will developp on the days to come. Right now, my idea is not completely exposed here but anyway seeing all this oversold phenomenom and as well as my indicators . Im fully in and watching.
Take care,
Simon
all daily indicators are on the floor. So i find them a little bit worthless in this condition.
This is the first time in 8 months (!!) that weeekly MACD could make a bullish crossover on the short term. HIstogram is almost completely exhausted since the start of the correction in last December. Righ now the price sitting near a very strong support and might have completed a ABCDE.
My first hypothesis is that price may reach 7.5k mid term which i will developp on the days to come. Right now, my idea is not completely exposed here but anyway seeing all this oversold phenomenom and as well as my indicators . Im fully in and watching.
Take care,
Simon
Comment:
next week data soon. gonna be interesting.
Trade active:
Adopting what i call the bunny ears bullish confirmation.
Trade closed: target reached:
formation is about to be completed. POst was made at BTC 61à.1k. Now 7.1k.