BTC finds support
BTC found support on the predicted area and has began to move up again. Daily RSI shows room for a move up to around $7200. 4h RSI hit 70 and is now moving back down. Bulls looking for BTC to keep above the dashed line.
If we move up, resistance will be at the 100D + 50D MA area. MACD on daily looking to cross up which is bullish.
From now on I'm going to try and provide some numbers as I understand my charts might be somewhat too advanced for the average trader.
Prediction: If daily candle closes above 6360 then I expect a push up toward atleast 6800 where resistance will be encountered (100D+50D MA)
If we close below 6360 then I expect us to range a bit longer. If 100D+50DMA is broken then I expect a push up toward 7150 where there will be large resistance.
If we move up, resistance will be at the 100D + 50D MA area. MACD on daily looking to cross up which is bullish.
From now on I'm going to try and provide some numbers as I understand my charts might be somewhat too advanced for the average trader.
Prediction: If daily candle closes above 6360 then I expect a push up toward atleast 6800 where resistance will be encountered (100D+50D MA)
If we close below 6360 then I expect us to range a bit longer. If 100D+50DMA is broken then I expect a push up toward 7150 where there will be large resistance.
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