Indicators :
MFI = Still making a higher low from 18 december 2018 and still moving in bullish territories.
DMI = +DMI is consolidating around 25 level and -DMI at level 16 and geting closer with +DMI. ADX is currently dropping which indicate momentum to upside is decreasing, potential for sideway movement or retracement is possible.
Volume = Increase by looking at the MA
Still moving in ascending triangle area. above 20 +50 EMA which is good for bullish trend
in 4 hour, Indicators:
DMI = Consolidating as trend still being bullish for now and still developing it's momentum for further upside if it possible and had enough volume.
MFI = slightly bearish as it's making a lower high as well as the price following by also making lower high
Volume = is decreasing by looking at MA
short term outlook
Support #1 : 7900 (trendline for ascending triangle)
Support #2 : 7500 (20 EMA Daily)
Resistance #1 : 8200 (previous high for btcusd in short term)
Resistance #2 : 8350 (upper resistance for ascending triangle)
Long term outlook
I'm looking EMA line as a potential support if somehow BTC/USD fall or retrace hard
20 EMA (red) ; around 7200
50 EMA (blue) ; around 6400
200 EMA ( Purple) ; around 5600
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 as i like to hear a new things to learn from you too..
peace.
MFI = Still making a higher low from 18 december 2018 and still moving in bullish territories.
DMI = +DMI is consolidating around 25 level and -DMI at level 16 and geting closer with +DMI. ADX is currently dropping which indicate momentum to upside is decreasing, potential for sideway movement or retracement is possible.
Volume = Increase by looking at the MA
Still moving in ascending triangle area. above 20 +50 EMA which is good for bullish trend
in 4 hour, Indicators:
DMI = Consolidating as trend still being bullish for now and still developing it's momentum for further upside if it possible and had enough volume.
MFI = slightly bearish as it's making a lower high as well as the price following by also making lower high
Volume = is decreasing by looking at MA
short term outlook
Support #1 : 7900 (trendline for ascending triangle)
Support #2 : 7500 (20 EMA Daily)
Resistance #1 : 8200 (previous high for btcusd in short term)
Resistance #2 : 8350 (upper resistance for ascending triangle)
Long term outlook
I'm looking EMA line as a potential support if somehow BTC/USD fall or retrace hard
20 EMA (red) ; around 7200
50 EMA (blue) ; around 6400
200 EMA ( Purple) ; around 5600
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 as i like to hear a new things to learn from you too..
peace.