Looking at 1 day charts, we can see a Bullish cross in MACD... If that confirms, BTC will have to test the strong resistance between 9k and 9,5k, and then the top of the downtrend line (in green).
If don't, it will have to test the bottom of the uptrend line (in red).
If don't, it will have to test the bottom of the uptrend line (in red).
Note
4h chart show us a bearish cross on MACD... Still waiting to see what happens on daily chart.
Note
As I said, BTC probably will test the bottom of the uptrend line... But there's a possibility of a bounce at 8,2k area, with the support of 50 EMA
Note
after a quick bounce at 8,2k zone, BTC decided do go lowe! Now we have a falling wedge, with the possible breakout near the bottom of the uptrend channel...
Let's go Bulls!
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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.