Bitcoin - 1500 $ movement possible - target 11400 $
Updated
The market formed a short-term bottom at 9600 yesterday, it is back in the uptrend channel and is currently testing the resistance near 10100 $ as well as the 50 day moving average (yellow line) resistance and last but not least the down trend resistance line from wave c drawn as pointed line . If these three resistances break in next 24 hours we can expect a relatively fast upward movement similar to that of 18-21 July. If this resistance doesn´t break down, 9600 will be tested again.
-MACD baselines crossed bullish, expect buyers searching for good entry within next hours
-RSI has more space to grow up, expect big market price movement if RSI line jumps above down trend resistance line
-market price jumped above middle line of Bollinger bands which is bullish indicator if next candle close above middle line.
-Bollinger bands are getting smaller which indicates a big market movement in the near future
Good luck to all :=)
-MACD baselines crossed bullish, expect buyers searching for good entry within next hours
-RSI has more space to grow up, expect big market price movement if RSI line jumps above down trend resistance line
-market price jumped above middle line of Bollinger bands which is bullish indicator if next candle close above middle line.
-Bollinger bands are getting smaller which indicates a big market movement in the near future
Good luck to all :=)
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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