Khiwe

BTCUSD Bullish Forecast

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi there..

We see there at 36870.82 that the price was significant for bulls in that area managing to push to the Highs 42334.69.

But now the price is dropping. And is it a pullback, or, a bearish trend?


This area here 38352.55 is a bullish zone, on basis of the Stochastic indicator, but it is bullish when viewed with an RSI .

It cannot be clearly bearish unless it breaks this support level 36870.82 that holds a bullish sentiment. Right now price is falling, let's see if there will be a pullback.

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Khiwe

At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
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