BTC have successfully pierced above the 4 hourly 200 SMA (thick orange) line.
Ichimoku Cloud have finally turned green ahead (which could serve as a fresh support level at around the 20.2k USD level) after flipping bearish since ~20 Aug, but still remains thin (i.e. weak atm). Will need to wait awhile longer for it to thicken and "solidify".
Fusiongap 50/15 series indicator had already flipped bullish (i.e. green and above the zero-line).
The MACRS (MACD modulated RSI) indicator appears over-bought (i.e. red background, base on the unplotted STOCHs) at the moment though and will take a few more candles to resolve at this price level after the recent pump.
Ichimoku Cloud have finally turned green ahead (which could serve as a fresh support level at around the 20.2k USD level) after flipping bearish since ~20 Aug, but still remains thin (i.e. weak atm). Will need to wait awhile longer for it to thicken and "solidify".
Fusiongap 50/15 series indicator had already flipped bullish (i.e. green and above the zero-line).
The MACRS (MACD modulated RSI) indicator appears over-bought (i.e. red background, base on the unplotted STOCHs) at the moment though and will take a few more candles to resolve at this price level after the recent pump.
Note
Will now need to pierce above the green daily 50 SMA line, and find support above the thin yellow (presently resistance) line for a stronger bullish confirmation.Note
Back above the 4hr-ly 200 SMA.FG indicator flipped bullish again on the 4hrly.
Note
Potential continuation to the upside if BTC could find support above ~USD20k, which is presently in confluence with the daily 50 SMA (green line).Note
Presently trapped within a descending triangle:Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.