Hi Guys! It is interesting to see the many bullish ideas of the BTCUSD since the recent correction. What we saw in my previous view is only one possible outcome, at the moment the price is trading in channel between upper resistance and lower support level again. What we have on the card?
TF: 4H;
The MACD: Bullish crossover, and its possible future the centerline crossover.
The RSI > 50, the sign of uptrend.
EMA: We have the strong resistance 200EMA line @6630 (Remember it's BITFINEX) and the support from 7EMA, 30EMA and 100EMA.
Conclusion: If the price finds that support is much stronger than resistance and break through $6700-7000 territory then we will see something interesting in coming weeks.
GL Traders.
TF: 4H;
The MACD: Bullish crossover, and its possible future the centerline crossover.
The RSI > 50, the sign of uptrend.
EMA: We have the strong resistance 200EMA line @6630 (Remember it's BITFINEX) and the support from 7EMA, 30EMA and 100EMA.
Conclusion: If the price finds that support is much stronger than resistance and break through $6700-7000 territory then we will see something interesting in coming weeks.
GL Traders.
