Short update for BTC/USD.. after touching 9k and falling downward until 8000(the time i wrote this post) within 1 day.. , ascending support (8300) and it just broke the parabola curves.. bad sign for bullish trend for now.....
I expect 7300 latest trendline , around 20 EMA (7800) 50 EMA (+-6400) and 200 EMA(+- 6200) as a support for this bullish trend.. below all the point i mention high chance for bearish trend would took over again.. i'm talking about price tag below 6k...
indicator:
MFI : bearish divergence
DMI : bearish divergence also with DMX, and DMI+ is closing in with DMI-, DMI- also rising a little.
See a yellow line for trendline, downtrend and the linear line to invalidated this bearish divergence.
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.
I expect 7300 latest trendline , around 20 EMA (7800) 50 EMA (+-6400) and 200 EMA(+- 6200) as a support for this bullish trend.. below all the point i mention high chance for bearish trend would took over again.. i'm talking about price tag below 6k...
indicator:
MFI : bearish divergence
DMI : bearish divergence also with DMX, and DMI+ is closing in with DMI-, DMI- also rising a little.
See a yellow line for trendline, downtrend and the linear line to invalidated this bearish divergence.
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.
Comment:
looks like it still maintain above 8300 after all.. we will see..