BTC-USDT - What's next, Let's see together...
Hello BTC friends, Hope you had a fantastic weekend, But let's jump straight on our chart. If you have been following me from the last week or so, you see that I predicted pretty much everything, " you can check my previous ideas". Anyway let's continue.
From my chart you can see the orange line at 7787$, you can consider that one as the TREND LINE we should cross in order to continue this climb, we're finding resistance at the moment? of course yes, because we're simple over bought again, but we had pretty good volumes, so I'm quite sure we're going to see fireworks soon. DAILY RSI is 70 now, 4 h RSI is also 70 but we saw lately that the 4h can perform well even crossing 70 reaching 80/85. Hourly RSI 66, so frankly I think we need to cool off a little bit, but don't be afraid we won't be rejected because things are changed for now. I'm sure we are going to reach 8100$/8300$ soon.
We can't get above the cloud now, is too early but we will If we continue to go sideways cooling off our indicators, Bulls have momentum and strengths now. Everyone is in BTC, I think alt coins will recover after we will cross and consolidate the trend line. Like back in April.
If we happen to go down, I will be checking the 12 EMA on the daily, I will consider every move downwards now just a way for the bull to accumulate more momentum and power. Remember ETF are playing a huge role on the psychology , every single bad news might change the situation so do not sit to comfortable.
Thanks
Marco.
From my chart you can see the orange line at 7787$, you can consider that one as the TREND LINE we should cross in order to continue this climb, we're finding resistance at the moment? of course yes, because we're simple over bought again, but we had pretty good volumes, so I'm quite sure we're going to see fireworks soon. DAILY RSI is 70 now, 4 h RSI is also 70 but we saw lately that the 4h can perform well even crossing 70 reaching 80/85. Hourly RSI 66, so frankly I think we need to cool off a little bit, but don't be afraid we won't be rejected because things are changed for now. I'm sure we are going to reach 8100$/8300$ soon.
We can't get above the cloud now, is too early but we will If we continue to go sideways cooling off our indicators, Bulls have momentum and strengths now. Everyone is in BTC, I think alt coins will recover after we will cross and consolidate the trend line. Like back in April.
If we happen to go down, I will be checking the 12 EMA on the daily, I will consider every move downwards now just a way for the bull to accumulate more momentum and power. Remember ETF are playing a huge role on the psychology , every single bad news might change the situation so do not sit to comfortable.
Thanks
Marco.
Salve a tutti sono un analista tecnico. Potete trovare i miei video su youtbe sotto il nome di Mind The Chart
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