1 day timeframe.
After BTC/USD broke the previous down resistance around 7900, BTC/USD is challenge the resistance at previous high (8930) and looks like it still struggle to get above that level. momentum indeed while if it's managed to close above that level, as long the price action can held the recent i'm for this price movement.
* important area : It's a deciding point where if the price can switch from to and vice versa. in order to be at the current price action, BTC/USD must closes above the important area to get a confirmation to be . conversely, if it fail to brake that level, i expect a slight retracement with a pattern also potentially will be form. also included for the recent up trend (white)
If the price action do managed to close above 8930. My previous chart regarding weekly is invalidated. here's the update regarding the weekly .
DMI : DI+ is managed to get above DI- which is a sign for now. remain weak as it still below 25 level.
: line and signal line above negative level (above zero) which is price is moving in area, while buyer histogram is still in buyer momentum and still continue building up.
ma relative weak for now.