Looking at the 1hr chart for BTC /Binance, we can see that Bitcoin dipped below our support of $54,300 but our Price Extractor indicator gave us a STRONG buy signal (rocket) near the bottom of the move while the MACD was just under the signal line. This is very bullish because the MACD was very close to crossing to the upside and right near a resistance meaning it would have a lot of momentum to break through the resistance and test the next resistance at $56,440, which it did :) It currently broke the $56,440 resistance and is aiming for the next target of $58,100. I'm expecting us to retest the $56,440 resistance and even go lower to the diagonal resistance of $56,000 before aiming for our second target of $58,100.
If you have any questions about the indicators I used or would like to purchase the Price Extractor, please PM me :)