The 4 hour chart is clearly forming a descending triangle which is really close to its apex. If correct, we may see the end of correction within this week at most. We may also see prices go down as much as 6900 $. Lets see how this week plays out.
it is currently touching the support line right now. I may do a bear trap. Lets see what upcoming 2 days bring
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price bounced from trendline support around 5900 $. We really have to close above 7300 $ today. If we stay above 7300 $ today, we are still inside the triangle and the breakout.
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The macd on 4 hr chart and the volume is a good indicator that the price will recover to the descending triangle levels. After that we will wait for the resistance line of the triangle to be broken. Also with the help of some good news, which are coming I think we have sunny days ahead of us.
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looks like bitcoin is back on track. Lets see.
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Now we have to focus of the 8250 $ range to cross the resistance line. If we can pass and sustain that level then we are set to moon
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The candle just crossed the resistance line and 4 hr macd is looking better than it did for a looong loong time. If the trend continues for 1 more green candle, I think we can say that the breakout has officially happened.
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It has been sliding the resistance line for a while now. It seems like it will break this time.
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MACD just crossed over in the hourly chart I guess the trend is going to take even more pace.
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it looks a little messy but i think bitcoin is impulsing to 11,000 $ range. Below I attached the chart. Daily MACD is still very bullish. With a little help from the volume numbers it may form a fast bullrun to higher numbers.
Good Luck,
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The price is following the trendline beautifully.
Macd and RSI looking dreamy. Good Days to come.
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As always with markets, 2 steps farward 1 step back.
BTC still on its path. Looking to consolidate 10,700 $ levels before starting its third wave.