BTC DAILY (12H) ANALYSIS
We saw a very nice push up recently.
Bitcoin hit 58800, The rise looked very sharp
Now we are watching the price to break the 59K level and get in on the retest of 59K with stops below the structure.
We have seen BTC respecting the ascending continuation trendline indicating a bullish momentum but as soon as we reach the resistance BTC gets indecisive :bear::ox:
The STRONG resistance needs to be broken with very high volume, to reach the verdict of BULLISH SENTIMENT!
1D MACD is about to do BULLISH crossover
Position:- If we come back down to the 50 fibonacci, enter with stops below the ascending trendline, with Target of ATH with the help of TSL
**This could blow up loads!**
Resistance:- 57800/59300
Support:- 54900/53200 (MONTHLY LOW)
BTC.D is 41.6%
ETH.D is 19.34%
Market Volume :- $1,078,277,169,454
TOTAL MARKET CAP :- 2.79 Trillion
Fear and Greed Index (F&G) is FEAR - 34
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We saw a very nice push up recently.
Bitcoin hit 58800, The rise looked very sharp
Now we are watching the price to break the 59K level and get in on the retest of 59K with stops below the structure.
We have seen BTC respecting the ascending continuation trendline indicating a bullish momentum but as soon as we reach the resistance BTC gets indecisive :bear::ox:
The STRONG resistance needs to be broken with very high volume, to reach the verdict of BULLISH SENTIMENT!
1D MACD is about to do BULLISH crossover
Position:- If we come back down to the 50 fibonacci, enter with stops below the ascending trendline, with Target of ATH with the help of TSL
**This could blow up loads!**
Resistance:- 57800/59300
Support:- 54900/53200 (MONTHLY LOW)
BTC.D is 41.6%
ETH.D is 19.34%
Market Volume :- $1,078,277,169,454
TOTAL MARKET CAP :- 2.79 Trillion
Fear and Greed Index (F&G) is FEAR - 34
Hit a like on TradingView show your support.