Interesting confluence on BTC* - Chart.1/3.[MTF]
BTC 4H
Price is currently fighting a long standing(historic) trendline.
(This chart will be further explained in chart.2/3.[HTF]
Confluence:
Both RSI & MACD are in a longterm ascending triangle. Withe trend on MACD grazing the lower line.
If the buying pressure sustains, the indicators RSI & MACD should breach the triangles between the 22nd & 25th of october - will we see an ATH breach in these interesting 4days?
BTC on the daily is in oversold territory, so a continuation of the trend will further confirm long term bullish momentum.
Price is currently fighting a long standing(historic) trendline.
(This chart will be further explained in chart.2/3.[HTF]
Confluence:
Both RSI & MACD are in a longterm ascending triangle. Withe trend on MACD grazing the lower line.
If the buying pressure sustains, the indicators RSI & MACD should breach the triangles between the 22nd & 25th of october - will we see an ATH breach in these interesting 4days?
BTC on the daily is in oversold territory, so a continuation of the trend will further confirm long term bullish momentum.
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