BitcoinMaximus1

Bitcoin's Daily Close Will Provide The Directional Bias

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Making this simple :

The highest close since the bottom has been on March 20 at $6210 (green line).
.
Lowest close since the increase has been on March 22 at $5710 (red line).

A daily candlestick with a close above the green line suggests the price will move upwards, while the opposite is true for the red line.
Comment:
Closed above, directional bias is bullish.

Comments

@Protixder, Nice analysis
Reply
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