MisterCatt

BTC/USD Retracement in progress.

BITSTAMP:BTCUSD   Bitcoin
On 4 hour timeframe, BTC/USD already below 2 down trend line and 21 + 55 EMA at the moment and with high probability to to test 200 EMA again interestingly btc/usd manage to made a higher low and higher high atleast in very short term.


Indicators:
DMI : DMI is beginning to weaken as it's start to rise up above DMX and increase it's range between DMI- and DMI+. bearish trend is dominating as for now.

MACD : MACD is ready to switch to seller histogram, interestingly the buy histogram do made a higher high from the previous buy histogram. for macd EMA is currently trying to get above 0 value/bullish zone.

Volume MA slight increase by seller volume

please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.