Broke the trend, currently on average support. Doesn't looks good
Needs to find solid support before moving towards 6k.
Bitcoin possible moves as RSI continues to bound up while price is squeezed in triangle. Volume gradually decreasing on other hand :)
An ascending triangle is forming as can be seen in the chart. RSI has been bouncing as well near 50 showing a strong buy support. MACD is likely to turn upward for a really near 160,000 Satoshis in coming days as volume is gradually increasing as can be seen in OBV
Free fall price need to bounce back at support or we going more down to look for a new support ;) . RSI playing perfectly so it is likely we bounce back after hitting support
OBV looks yummy as MACD completes the cycle ;)
OBV and RSI likely to break the triangle upwards pushing price to test key resistance. Target : 1355 Target 2 : 1720 If u ask me I will be analyzing the support after price hits 1355 and its retracement
Price showing signs of recovery after major selloff ;)
RSI and OBV both fall simultaneously as BTC breached the channel downwards, I am sitting with my USDT and watching how market moves.
Everything can be seen in chart so I am not writing
Get your bags loaded i guess? We just need to break resistance and it is likely to break as MACD and RSI both pointing towards the Moon i guess?
Well you can see that on chart how price and RSI and moving along. RSI is forming a symmetrical triangle along with price. Upon its completion it will be decided if gonna go low or high ;) . I expect to break it above because of MACD pointing upwards . Although a greater volume is needed for that. OBV shows how low volume withheld Bitcoin price to break the triangle ;)
Watch your positions traders as Bitcoin nears the decision points. All indicators giving high bearish signals. On 20-23 Oct Bitcoin is likely to face strong selling pressure at $6000. If survived we can see trend reversal or sideways. However chances of this are very low On same days RSI and MACD are likely to make lower highs against the current resistance and...
Buy inside the triangle . Buy recommendation around 630. ;) . TP1 : 725 TP2 : 770 Trade at own risk ;)
QSP broke downtrend and is now fighting main resistance ;) Once broken it would start an uptrend to newer highs . I am having positive feeling regarding breakout because of MACD and RSI . Both showing enough room to grow. Also RSI is making higher lows and there is still a lot of volume to grow