BTCUSD Daily close analysis 16-2-17
On the 1D BTC chart
Another day of bullishness and so far in today's session we are looking strong above the 150EMA and the upper trendline.
My only concern is the inability to close above 10,300.
RSI has, at last, broken it's LH LL downtrend.
Other than this there really isn't much to report.
Just remember that we have seen similar action in the recent past.
On the 3D BTC chart
12 days of bullishness.
Waiting for the RSI to break 50 and price to stabilise above 10,800 to confidently call reversal.
Another day of bullishness and so far in today's session we are looking strong above the 150EMA and the upper trendline.
My only concern is the inability to close above 10,300.
RSI has, at last, broken it's LH LL downtrend.
Other than this there really isn't much to report.
Just remember that we have seen similar action in the recent past.
On the 3D BTC chart
12 days of bullishness.
Waiting for the RSI to break 50 and price to stabilise above 10,800 to confidently call reversal.
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