BTC Analysis - 13 Oct 2019 - JoeTrader
BTC is trading in middle range as of the moment. 200MA on Daily still holding BTC price below 8750-8800 which acts as a significant resistance. I will be buying in this middle range area and still neutral to bullish as long as the middle range holds. Still holding the remaining (not a lot) XBT I bought at 7750 and ETH at 169.
Outlook: Neutral to Bullish in short term.
BTC to range between resistance and support over the coming weeks. However, looking at the chart;
- Bullish divergence on 4HR.
- 100MA and 50MA crossover on 4HR.
- Middle range area acting as support.
Outlook: Neutral to Bullish in short term.
BTC to range between resistance and support over the coming weeks. However, looking at the chart;
- Bullish divergence on 4HR.
- 100MA and 50MA crossover on 4HR.
- Middle range area acting as support.
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