The general trend have been downwards since the last top at around dollar 13.000.
If you make the trendlines on the wicks you can se a general trend tuching the last top at dollar 9300.
If we break above the general trend on the Wicks and move into the general trend on the close we can see a trend line at dollar 9500.
I'm waiting for a daily candle to close above...
The 1 hour chart indicated a bull flag.
We later had a price movement above the bull flag but got rejected at resistance at dollar 7600.
The bottom of the bull flag is at around dollar 7470.
Waiting for confirmation before doing a trade.
1. Price movement above resistance at dollar 7600 and the 1 hour chart to close above it.
2. Price movement below support at...
Bitcoin is in a downwards trend. This trend line have been used as resistance back to the start of February. If we do not break this line we can get a pullback to 6600$ area that have been proven to be a important Support and Resistance.
If Bitcoin break above the trend line on the daily chart we can go higher towards the next resistance area.
Today we broke out above the 50 day Moving Average, its been a proven support and resistance for a long time. If the daily candle closes above the 50 day moving average can Bitcoin rise to the 100- and 200-day moving average. If we close beloved the 50 day we will continue to have it as a resistance until a daily candle closes above. The daily volume is just above...
Moving Average have been working as a Resistance on the daily chart. The 50 day have previous proven to be a critical Support and Resistance area.
If the daily candel closes above the 50 day moving average Bitcoin can be rising to the 200 day moving average. The 200 day moving average is currently is at 8000$.