15 Jan 2020 - Technical analysis for BTC/USD today:
BTC/USD has reached a new high today, reaching 8900
The highest from mid-November to 2019, for the last 2 months.
Price surpasses 7900 and breaks out of the accumulated sideways zone.
BTC/USD broke the previous high at 8450 to continue the uptrend.
The chart structure of BTC/USD consists of upward sloping peaks and bottoms, UPTREND.
The bullish channel has formed.
A series of continuous rising candles is quite long, the momentum is quite good.
The volume below increases with the increasing wavy, good momentum
A candle has a long lower shadow and a very high volume, seller << buyer, confirming more signals for an increase.
UPTREND is quite clear.
STRATEGY today, is to buy low from the bottom
Buy when BTC/USD retested the old resistance levels (support zone)
BTC/USD has reached a new high today, reaching 8900
The highest from mid-November to 2019, for the last 2 months.
Price surpasses 7900 and breaks out of the accumulated sideways zone.
BTC/USD broke the previous high at 8450 to continue the uptrend.
The chart structure of BTC/USD consists of upward sloping peaks and bottoms, UPTREND.
The bullish channel has formed.
A series of continuous rising candles is quite long, the momentum is quite good.
The volume below increases with the increasing wavy, good momentum
A candle has a long lower shadow and a very high volume, seller << buyer, confirming more signals for an increase.
UPTREND is quite clear.
STRATEGY today, is to buy low from the bottom
Buy when BTC/USD retested the old resistance levels (support zone)
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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.
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.