BTCUSD analysis @14.02.2020

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

for a while we could see bitcoin rally, recovering from bear market structure.
This is interesting as we are seeing mayor world events happening exactly when we see price action above 200 D MA.

RSI and MACD looks bearish as it shows divergence, HOWEVER looking at market as a whole (daily, weekly, monthly) we can see big investors stepping into market right now.

This kind of scenario looks as healthy accumulation after decline period.

Price moves around $220 daily and right now is between hard support and resist zones. We need to add that it is still above $10k level which is highly psychological, creating higher highs and higher lows on 6H time frames - which for me is fundamental for BTC analysis.

Bulls are trying to breach though 2019 levels - Plus Token exit scam levels. Price action will happen in upcoming days.

Big moves will consider healthy pullback after short rally - now still can go up, down to 9,7k / 8,6k levels in upcoming 1-2 mth

My potential setups are shown on chart. Treat them as my own Trade Journal, as none of my ideas can be treated as a financial advice.
This is not a financial advice.


I will follow it as well, this is my view
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