BTC/USD Bullish Flag
Bitcoin is forming a possible bullish flag on the daily chart.
MACD and RSI are neutral(a little bit in the negative area). Which means we have more room to the upside if a break of resistance comes. Look out for support and resistance levels. Currently 1.618 fibonacci support is keeping the price from coming down.
Weekly MACD is negative and RSI is neutral. Keep that in mind. Greater trend looks a little bit more bearish than bullish.
FED Meeting is in 44 hours. I wouldn't do anything too risky just before a FED meeting.
What do you think? Comments will be appreciated.
MACD and RSI are neutral(a little bit in the negative area). Which means we have more room to the upside if a break of resistance comes. Look out for support and resistance levels. Currently 1.618 fibonacci support is keeping the price from coming down.
Weekly MACD is negative and RSI is neutral. Keep that in mind. Greater trend looks a little bit more bearish than bullish.
FED Meeting is in 44 hours. I wouldn't do anything too risky just before a FED meeting.
What do you think? Comments will be appreciated.
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