Sparkster

Strong Bull on Bitcoin 5-Day MACD and VPVR Indicator

Long
KRAKEN:BTCUSD   Bitcoin
  • Not to say we won't see smaller corrections and consolidations (as we expected to see yesterday) but the bull is strong. 5-day MACD just crossed above the zero line.
  • VPVR shows strong support under the blue horizontal that we've been watching for some time now.
  • And the next peak resistance area shown by VPVR is around the $8600 area.
  • As of right now, price action is pushing against resistance trendlines that are more obvious on lower time-frame charts.

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