Bitcoin just hit the downtrend resistance line again. The Stoch and RSI are going up which means it still could be going up more. We blasted through the Ichimoku cloud which is another good sign. However, The MACD has yet to confirm a reversal. Once the MACD swings up and we break resistance on that downtrend is when I think we're truely in the clear.
Note
There's good support at 3750. The ichimoku cloud if there along with the .382 fib. Ghost month is over on the 20th. Some superstitious Asians might be buying back in. Keep an eye on thatNote
The ichimoku cloud is there* typo above
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.