BITTREX:BTCUSDT   Bitcoin / Tether
Bitcoin made a quick bounce from 6K dollars. We are now close to face 1st resistance. Overall Bitcoin seems bullish . Why? We have an oversold RSI in 1 day chart, MACD is also showing a small curve trying to converge/cross up. But, remember that we are still in a downtrend and Bitcoin might also fall more besides the bullish movement right now.
Observation : Red lines are strong resistances areas that Bitcoin might suffer high turbulence.


About the fundamentals :

Bunch of DID was spread in past weeks, but good news just are starting to spread as SEC show bullish regulations and Hedge funds start to go bullish in Bitcoin .



Conclusion :

Bitcoin is neutral right now, but I hope this analyse help you to track and understand what is happening
Comment: Bitcoin made a quick bounce from 6K dollars. We are now close to face 1st resistance. Overall in TA Bitcoin seems bullish . Why? We have an oversold RSI in 1 day chart, MACD is also showing a small curve trying to converge/cross up. But, remember that we are still in a downtrend and Bitcoin might also fall more besides the bullish movement right now. 
Observation : Red lines are strong resistances areas that Bitcoin 0.22%might suffer high turbulence. 


About the fundamentals : 

Bunch of FUD was spread in past weeks, but good news just are starting to spread as SEC show bullish regulations and Hedge funds started to go bullish in Bitcoin .



Conclusion : 

Bitcoin is neutral right now considering TA+FA, but I hope this analyse help you to track and understand what is happening.
Agreed! Thanks for sharing your opinion!
Trade safe and have a nice day!
+1 Reply
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