24th March BTC Up or down?
Bulls
1. It was a good upmove from 8300 bottom
2. We are above the short term trend lines
3. MACD 4H crossing up but needs more upmove
4. Price rebounded from the 38.2 retracement of the upmove
Bears
1. The 38.2 retracement is holding as resistance for this upmove
2. Price still under 200 EMA on 4H
3. Price still under 200 EMA on Daily
Conclusion, watch for a break upwards to go to 10k, else if this goes down minimal 8200 is possible.
1. It was a good upmove from 8300 bottom
2. We are above the short term trend lines
3. MACD 4H crossing up but needs more upmove
4. Price rebounded from the 38.2 retracement of the upmove
Bears
1. The 38.2 retracement is holding as resistance for this upmove
2. Price still under 200 EMA on 4H
3. Price still under 200 EMA on Daily
Conclusion, watch for a break upwards to go to 10k, else if this goes down minimal 8200 is possible.
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.