BTC dropped from all time high 19891 to around 15600 area which almost touches the top of the cloud.
The body of the candles sit on the 50% fib region which is also the Kijun-sen (red) line acting as a huge support.
RSI, Stoch and macd also shows upward motion which indicate possible continuation of uptrend.
stop loss should be place at Kijun-sen (red) line.
The body of the candles sit on the 50% fib region which is also the Kijun-sen (red) line acting as a huge support.
RSI, Stoch and macd also shows upward motion which indicate possible continuation of uptrend.
stop loss should be place at Kijun-sen (red) line.