BTCUSD today analysis, 191008. 5&10day lines look uncomfortable.
Hello, my friends. It's Cryptoranger K.
I didn't want to write today, but I saw a little bit unsatisfactory after seeing the movement of BTC. So I'm writing to let you know my point of view.
I had thought BTC had come to rebound a few days ago. But two days ago, BTC prices showed a sharp drop, so I thought it would fall without a rebound. However, yesterday, the price rose sharply, showing signs of rebound.
Until yesterday, I was expecting BTC to continue to rise for the next few days. And I thought the end of this rebound would be between $ 8600 and $ 8800.
However, the current position of the BTC price is just above the 10-day line when viewed on a 1-day chart. As usual, I think the candle should have finished yesterday with at least the previous high. Then the 5day line and the 10day line make the Golden Cross and then go up. But the current BTC price is not.
Of course, the 1day MACD created the Golden Cross and the flow of RSI looks positive. But the 5 & 10day MA lines look a bit uncomfortable. I think it would be necessary to drop it one more time and then rise again to the high point of the candle today.
I hope BTC's price will rise here and make a real bounce. However, the opposite situation can also be fully manifested, so I hope you see today's flow and respond.
Thank you.
I didn't want to write today, but I saw a little bit unsatisfactory after seeing the movement of BTC. So I'm writing to let you know my point of view.
I had thought BTC had come to rebound a few days ago. But two days ago, BTC prices showed a sharp drop, so I thought it would fall without a rebound. However, yesterday, the price rose sharply, showing signs of rebound.
Until yesterday, I was expecting BTC to continue to rise for the next few days. And I thought the end of this rebound would be between $ 8600 and $ 8800.
However, the current position of the BTC price is just above the 10-day line when viewed on a 1-day chart. As usual, I think the candle should have finished yesterday with at least the previous high. Then the 5day line and the 10day line make the Golden Cross and then go up. But the current BTC price is not.
Of course, the 1day MACD created the Golden Cross and the flow of RSI looks positive. But the 5 & 10day MA lines look a bit uncomfortable. I think it would be necessary to drop it one more time and then rise again to the high point of the candle today.
I hope BTC's price will rise here and make a real bounce. However, the opposite situation can also be fully manifested, so I hope you see today's flow and respond.
Thank you.
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