In January, we touched the up and down trend lines.
In February, it could not cross the downtrend line.
The RSI is out of the downtrend line and needs to be confirmed at 50 points.
You should check whether the oscillator and the MACD line of the MACD indicator can rise.
It increased by about 318% from February 2019 to June 2019.
The current location is near 8625.
This 8625 point is the mid-point of the rise from February 2019 to June 2019.
Along the downtrend line above point 8625, we formed a triangle A segment and formed a "pull back" pattern over three months.
It is therefore important that the month's closing price close above the 8625 point.
The month of March is expected to rise above the downtrend line.
At this time, BTC's maximum rise seems to be open to 13K.
In February, it could not cross the downtrend line.
The RSI is out of the downtrend line and needs to be confirmed at 50 points.
You should check whether the oscillator and the MACD line of the MACD indicator can rise.
It increased by about 318% from February 2019 to June 2019.
The current location is near 8625.
This 8625 point is the mid-point of the rise from February 2019 to June 2019.
Along the downtrend line above point 8625, we formed a triangle A segment and formed a "pull back" pattern over three months.
It is therefore important that the month's closing price close above the 8625 point.
The month of March is expected to rise above the downtrend line.
At this time, BTC's maximum rise seems to be open to 13K.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
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I will not list the chart separately.
Tomorrow, we'll have a weekly chart.
If you click "Like" a lot, we will reward you with more detailed analysis.
Thank you.