BTC-USD: Bulls might be getting ready to make a move soon.
Hello All,
Today I would like to get some larger TF charts on BTC and go through them.
To start we now see BTC trading above the 21EMA on Daily, 2D, 3D, weekly and 2Weekly TF. This is a very bullish sign and could push BTC back to 10K level in coming days.
This bullish momentum is also supported by the Daily Stochastics up cross and Daily RSI finding support from EMA and moving upward. BTC have plenty of room on both these oscillators to move upside which can take BTC back to 10000-10400 area.
In addition to this we also see RSI finding support from EMA on higher TFs like 3D, Weekly, 2Weekly and Monthly.
On 3D Stochastics we have a support trend line forming since late Dec2018. BTC has seen some very nice bounces from this trend line. If we see 3D stoch coming to this level again then I am expecting support and bounce.
On weekly Stochastics we see some nice support trend formations I will be keeping eye on this if we see retrace in BTC.
On the PA side I am watching this monthly pivot (Monthly Fib pivots). For confirm bullish run I would like to see BTC confirm break of the pivot @9470. After that BTC’s path to 10000 should be relatively easy, but we will see how it goes.
We also have other resistance levels in between @9625 (coming from Trend Maker blue line), @9700 (from the previous top).
If you do not feel bullish yet then it is good plan to wait for BTC to put in a confirm HH on daily TF which will be above the 9700.
Happy and safe trading…
Chao…
Today I would like to get some larger TF charts on BTC and go through them.
To start we now see BTC trading above the 21EMA on Daily, 2D, 3D, weekly and 2Weekly TF. This is a very bullish sign and could push BTC back to 10K level in coming days.
This bullish momentum is also supported by the Daily Stochastics up cross and Daily RSI finding support from EMA and moving upward. BTC have plenty of room on both these oscillators to move upside which can take BTC back to 10000-10400 area.
In addition to this we also see RSI finding support from EMA on higher TFs like 3D, Weekly, 2Weekly and Monthly.
On 3D Stochastics we have a support trend line forming since late Dec2018. BTC has seen some very nice bounces from this trend line. If we see 3D stoch coming to this level again then I am expecting support and bounce.
On weekly Stochastics we see some nice support trend formations I will be keeping eye on this if we see retrace in BTC.
On the PA side I am watching this monthly pivot (Monthly Fib pivots). For confirm bullish run I would like to see BTC confirm break of the pivot @9470. After that BTC’s path to 10000 should be relatively easy, but we will see how it goes.
We also have other resistance levels in between @9625 (coming from Trend Maker blue line), @9700 (from the previous top).
If you do not feel bullish yet then it is good plan to wait for BTC to put in a confirm HH on daily TF which will be above the 9700.
Happy and safe trading…
Chao…
