Strong BTC support line + Bullish RSI divergence =BULLISH RUN
Updated
HI TRADERS!
This BTC support Area is strong so far and when RSI help it, gonna be good sign.
A strong support {9800-10000) kept btc above support area and couple times Bitcoin touched it,as price action aspect we can say many buy orders triggered in this area which push btc up 200-300$ anytime therefore it is important support because of technical and Psychology matter for traders .(above 10k psychologically matters a lot in bitcoin market as many of you know}
At bottoms you can see RSI bullish divergence occur in 4H and Daily time frame , similar happen for MACD as well which confirms Rsi bullish divergence and give BTC a higher chance for Bull run. (MACD & RSI bullish divergence)
If BTC stay above 9800 in next couple hours it will be another good News for Bulls.
Please share your idea and leave a LIKE . I'd really appreciate it.
Good Luck and Good Profit.
This BTC support Area is strong so far and when RSI help it, gonna be good sign.
A strong support {9800-10000) kept btc above support area and couple times Bitcoin touched it,as price action aspect we can say many buy orders triggered in this area which push btc up 200-300$ anytime therefore it is important support because of technical and Psychology matter for traders .(above 10k psychologically matters a lot in bitcoin market as many of you know}
At bottoms you can see RSI bullish divergence occur in 4H and Daily time frame , similar happen for MACD as well which confirms Rsi bullish divergence and give BTC a higher chance for Bull run. (MACD & RSI bullish divergence)
If BTC stay above 9800 in next couple hours it will be another good News for Bulls.
Please share your idea and leave a LIKE . I'd really appreciate it.
Good Luck and Good Profit.
Trade active
So far so good.as we expected, analyze worked fine and after A strong bullish divergence BTC gain about 1K and hit 11k.
Look at this Support and Resistant .
old Support which is our new Resistant(Yellow line)
old Resistant which is our new Support(white line)
BTC break white line and reacts cupule times to it and now this support became more stronger .
we are between the yellow and white in edge of triangle which is important area for decide .
Its time to big decision ,if price can break yellow line and stay above it we can expect to see 12k as our next key area.
I hope you like it.
Good Luck and Good Profit.
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