- BTCUSD is fall toward nearest support at 9743 and a struggle for bull to hold that level for now. i expect a heavy support toward the next up trendline. if it's hold for a while. it would still consider a bullish trend is still in play
- Down trendline is an important line as if it's broken more likely the price would rising as long it's stay above the current up trendline.
- Indicators is leaning toward bearish trend.
4 hour timeframe indicator :
MACD : macd line is wandering toward bearish area for now. histogram is still on steady seller histogram. although there's a bullish divergence on macd histogram and price movement.
RSI : RSI is fallen toward oversold area and bearish trend after it fail to reach above the current resistance that previously act as support.
DMI : -DI (seller power) is steady goes up and ADX (momentum strength) also is rising above 25 level which consider a strong trend for current trend.
Thank you for your time to read this post and 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.
- Down trendline is an important line as if it's broken more likely the price would rising as long it's stay above the current up trendline.
- Indicators is leaning toward bearish trend.
4 hour timeframe indicator :
MACD : macd line is wandering toward bearish area for now. histogram is still on steady seller histogram. although there's a bullish divergence on macd histogram and price movement.
RSI : RSI is fallen toward oversold area and bearish trend after it fail to reach above the current resistance that previously act as support.
DMI : -DI (seller power) is steady goes up and ADX (momentum strength) also is rising above 25 level which consider a strong trend for current trend.
Thank you for your time to read this post and 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:
broke it's first downtrendline with a good spike in price.. let see if it could manage break second down trendline as i expect a heavy resistance on that line.. but if 6k resistance could be broke just like a butter why not this one eh .. lol