BTC looks like it want to head to the 11470 USD level (1D Chart)
Updated
To retest the upper resistance level.
Will it be able to break through and find support?
Longer term trend still looking somewhat bearish. However the longer BTC stays within the upper half of the descending triangle, the oscillators will gradually evolve towards looking more positive on the longer term as well.
Will it be able to break through and find support?
Longer term trend still looking somewhat bearish. However the longer BTC stays within the upper half of the descending triangle, the oscillators will gradually evolve towards looking more positive on the longer term as well.
Note
Note
Note
The latest chart are the combination my my three work-in-progress possible buy/sell positions signaling scripts.+ Cyber Ensemble Buy/Sell positions signaling is derived from an optimized scoring of a large number of conventional indicators.
+ FG-Divergence is based on my own modified version a MACD style oscillator, with its own accompanying Momentum and Acceleration oscillator.
+ PRISM is based pSAR derived oscillator coupled with its Momentum/Acceleration/Jerk Oscillator as well as pSAR based RSI and StochRSI.
Note
BTCUSD has found support on the middle support line at ~10200USD, showing strength in the market.I'm now expecting BTCUSD to head towards the upper resistance line at ~11000 USD, continuing to follow the path as projected.
Trade closed: stop reached
BTC failed to sustain its upward momentum after hitting 10400USD on 9Sep19; showing significant weakness after middle support trendline have turned into resistance at 10150 USD. BTC is likely to be heading down to 9460 and 9128 USD.
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