Bitcoin Tries Again? Next Short-Term Move Mapped
Bitcoin (BTCUSD) continues going back and forth while there is still no decision yet, who will win, the bears or the bulls?
Here we are looking at the 1H Timeframe for Bitcoin (BTCUSD) on BitStamp, here we can notice the moving average lines all being conquered on low volume.
Below these lines, Bitcoin is more likely to drop than to move higher.
But if bull volume starts to come in after a close above these levels, we can see Bitcoin testing the last peak once more.
The RSI is starting to gain momentum up.
The MACD is on the bullish side.
Volume is really low so anything goes here.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
Here we are looking at the 1H Timeframe for Bitcoin (BTCUSD) on BitStamp, here we can notice the moving average lines all being conquered on low volume.
Below these lines, Bitcoin is more likely to drop than to move higher.
But if bull volume starts to come in after a close above these levels, we can see Bitcoin testing the last peak once more.
The RSI is starting to gain momentum up.
The MACD is on the bullish side.
Volume is really low so anything goes here.
Thanks a lot for reading.
This is Alan Masters.
Namaste.
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