BTC/USD Still going up
Updated
It's seems still moving upward in price though volume is decreasing and it's moving within the potential rising wedge area. or simply just test the resistance and sideways along resistance or fall toward support +-5k.
reason is for personally for me is the Stochastic RSI in the moment is able gain it's momentum in order to push the price higher..
RSI and MACD seems show a possibility to go up again
Ichimoku Cloud seems fine in bullish area so far..
also 50 EMA and also 200 EMA begin to crossover in not so distant future creating golden cross. interesting to see how it's play out.
keep in mind also the BTC/USD short is in lowest point since 2018 and ready in strike at any moment if the btc/usd show weakness.
please let me know what do you think..
peace.
reason is for personally for me is the Stochastic RSI in the moment is able gain it's momentum in order to push the price higher..
RSI and MACD seems show a possibility to go up again
Ichimoku Cloud seems fine in bullish area so far..
also 50 EMA and also 200 EMA begin to crossover in not so distant future creating golden cross. interesting to see how it's play out.
keep in mind also the BTC/USD short is in lowest point since 2018 and ready in strike at any moment if the btc/usd show weakness.
please let me know what do you think..
peace.
Comment
we will see if the price action within this descending triangle area..
this pattern become invalid if the price value increase above 5300 usd
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