Hello dear all !
In our previous TA we mentioned how rationally we're waiting for
BTCUSD
to touch AREA 2 and gain more power. As you see on the chart the latest downtrend has been broken nicely and the price is making a reverse flag.
If you look at the MACD you notice the sign of slight coming retracement and that's gonna be exactly where I've mentioned before. So now the best scenario is to find a powerful support somewhere around AREA 2 which consists of major uptrend line (Blue), minor downtrend line(Red) and 50 MA (Orange).
A bounce back from that area with a high volume is needed to rally upward.
Be patient and make profit
In our previous TA we mentioned how rationally we're waiting for
BTCUSD
to touch AREA 2 and gain more power. As you see on the chart the latest downtrend has been broken nicely and the price is making a reverse flag. If you look at the MACD you notice the sign of slight coming retracement and that's gonna be exactly where I've mentioned before. So now the best scenario is to find a powerful support somewhere around AREA 2 which consists of major uptrend line (Blue), minor downtrend line(Red) and 50 MA (Orange).
A bounce back from that area with a high volume is needed to rally upward.
Be patient and make profit
