tx512

Many possibilities for BTC

tx512 Updated   
BITFINEX:BTCUSD   Bitcoin
Interesting move in the last hours.

  • Breakout of the RSI down trend => Buy signal
  • We are finally above the ichimoku cloud (buy signal) but the Tenkan Sen (thin blue line) did not crossed Kijun Sen (thin red line)
  • BTC is close to the upside of the descending wedge => sell signal unless BTC breaks it
  • BTC is close to the 10day EMA => sell signal unless BTC cross it

Comment:
If BTC does not goes up in the coming hours it will most probably fell consequently

I think that because a decrease of the price of BTC would confirm:
- that EMA200 (240) is still considered as a strong resistance
- the breakout of the rising RSI trend
Trade closed: target reached

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