BTC finds support
BTC found support on the predicted area and has began to move up again. Daily RSI shows room for a move up to around $7200. 4h RSI hit 70 and is now moving back down. Bulls looking for BTC to keep above the dashed line.
If we move up, resistance will be at the 100D + 50D MA area. MACD on daily looking to cross up which is bullish.
From now on I'm going to try and provide some numbers as I understand my charts might be somewhat too advanced for the average trader.
Prediction: If daily candle closes above 6360 then I expect a push up toward atleast 6800 where resistance will be encountered (100D+50D MA)
If we close below 6360 then I expect us to range a bit longer. If 100D+50DMA is broken then I expect a push up toward 7150 where there will be large resistance.
If we move up, resistance will be at the 100D + 50D MA area. MACD on daily looking to cross up which is bullish.
From now on I'm going to try and provide some numbers as I understand my charts might be somewhat too advanced for the average trader.
Prediction: If daily candle closes above 6360 then I expect a push up toward atleast 6800 where resistance will be encountered (100D+50D MA)
If we close below 6360 then I expect us to range a bit longer. If 100D+50DMA is broken then I expect a push up toward 7150 where there will be large resistance.
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.