Target: Around the upper black line or above.
Reason: Long term support 200 EMA seems to be relative supportive of this. It seems like a bullish flag is about to form. It will probably go up to the black line where resistance is. One day, MACD doesn't look too bad (I am looking at 4H, but I checked). It may seem like it's going to fall on MACD 4H but I believe this will be false. The price is at 50 EMA and 200 EMA and seems to stick with it.
Time: Around 2 days.
Reason: Long term support 200 EMA seems to be relative supportive of this. It seems like a bullish flag is about to form. It will probably go up to the black line where resistance is. One day, MACD doesn't look too bad (I am looking at 4H, but I checked). It may seem like it's going to fall on MACD 4H but I believe this will be false. The price is at 50 EMA and 200 EMA and seems to stick with it.
Time: Around 2 days.
Comentarios:
BTC shows sign of bear and I believe it will be tomorrow around 1 - 4 pm GMT. Be prepared for the worse.