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Hi all, lets analyze hourly chart for BTC where we are now struggling with STRONG resistance at 200 day EMA. Breaking the level and then finding the support on top of 200 day EMA could be considered as good indicator for the end of the bear market.
Currently BTC is in uptrend, having 7 consecutive higher highs and higher lows. Breaking the below the previous low ...
A bullish flag seams to be forming on BTC hourly. High volume on the flag pole and low volume on the flag itself is also a strong indicator of this. We may expect a break above $8400 resistance level. The graph shows one way this could happen. Namely, a bounce of $8400 resistance coupled with expected RSI overbought signal is anticipated, after which a ...