What are we looking for? The word that many like is "CONFLUENCE". Information that comes from a no. of sources that has similar conclusions or interpretations. Hence this posting is all about the confluence I see.
Note: Stoch and RSI for the short term has room for price going higher. No bullish div. visible. BTC daily trade volumes are lower than normal in the past month or so > coinmarketcap.com/currencies/bitcoin/historical-data/ Finally the trend is still down, until we get confirmation it isn't, we should go with the trend
Closeup view
3 Day Chart: We have a strong reoccurring pattern in the bull run which is the price touches the 50 EMA before it goes up again. As one can see on this chart, the RSI also has a reoccurring theme as well to match the price pattern and the EMA touches.
A close up, I added the Ichimoku indicator to see what else is there. A strong support line at the 50 EMA. The 200 EMA and SMA cross over is another reoccuring theme, when they cross over under the 50 EMA, in the past, it also indicated a bull run. I posted this idea some time back. Refer to my links below.
On the Daily Chart, we can observe the moving average deviation rate, which also provides another confluence. However just like the large Macro pattern being complex and many possibilities, this indicator can also vary towards the end. One thing we can agree on, its close.
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20 EMA on the Daily has become the next resistance. I think it will break through this but decisively would indicate strength...must wait and see.
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It past the 20 Daily EMA and I would like to see open and close above the 4 Hrly above this a well, to confirm and consider it for the next phase which will be 10660 to 10900. that is for going longer or shorting. Going longer will have to be a decisive break above 10900 as the 1st requirement.
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ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Target reached for this post...refer to the next new post for a continuation.