Bulls take control...for now. Two indicators for consideration.
Updated
In my last TA https://www.tradingview.com/chart/BTCUSD/ydlpQPOF-Interesting-bull-patterns-on-24hr/ I looked at BTCUSD on the 24hr chart and indicated that an MACD and RSI bullish divergence were forming.
These bullish patterns have now clearly formed and we even see a bullish crossover on the MACD. Bulls regain control... for now.
Two major flags to consider in terms of bears taking over again.
1. Bear Resistance Trendline indicated in purple
2. RSI 58-60 level.
I would also consider the MACD historgram resistance level (500-530) as an indicator if it gets to that level.
These bullish patterns have now clearly formed and we even see a bullish crossover on the MACD. Bulls regain control... for now.
Two major flags to consider in terms of bears taking over again.
1. Bear Resistance Trendline indicated in purple
2. RSI 58-60 level.
I would also consider the MACD historgram resistance level (500-530) as an indicator if it gets to that level.
Note
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<p><a href="tradingview.com/chart/BTCUSD/EeImQHTT-Bulls-take-control-for-now-Two-indicators-for-consideration/">Bulls take control...for now. Two indicators for consideration.</a> by <a href="tradingview.com/u/hughestu/">hughestu</a> on <a href="tradingview.com/">TradingView.com</a></p>
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