At this time you can see Bitcoin now at this support level:
- MA50 at 6933
- Bitcoin test 6835-6900 in 4 days recent and had small bouce after touch this area (fibo support)
- RSI now show a little bit space for small going down of price (recent price 6950)
- MACD now moving to 0 area
What to do now?
- You can open your long position at 6835-6900 area with a...
In 1D chart you can see:
- BTC now touch EMA20 at 759x level
- BTC now a little bit above midle BB line 758x
- BTC now have support with fibonaci 23.6%
- Stoch RSI at buy zone area
What to do?
In short term we expect BTC will up to last resistance level at 782x. It will have a small correction and continue going up.
If you enter LONG trade at 74xx zone as my...
At this time, after a few days of consolidations, Bitcoin is showing a very clear signals for some move up. Reasons:
- Market cap is at good level: almost 29B - very good improvement from low level 243B (on 12jul) when we had bottom price at around 6000usd
- BTC dominance: now 47% and in uptrend (clear in chart...