hey guys welcome for a short update on Bitcoin BTCUSD
now here in above chart first you see that after a major sell off bulls secured 200 hourly ma which is a good sign for a healthy trend, above 85xx zone bulls have all the control, although we did break that white trend line which is the very first level of support but from this green zone if bulls get the strength than they can take prices to the red zone or above 94xx level.
horizontal line is the level i would consider the line between bulls and bears around 8200, below this all bearish.
a view over daily chart
200 daily SMA rejection
my custom RSI is now in red zone with no sign of weakness in trend, possibility of making higher lows with higher highs formation
holding 55 EMA in 4h
my custom RSI loosing momentum in short term but not bearish yet
that's all for now hope this idea will help you making lots of profits like the previous one's
to join premium dm me
this is husain zabir signing out...
thankyou...
now here in above chart first you see that after a major sell off bulls secured 200 hourly ma which is a good sign for a healthy trend, above 85xx zone bulls have all the control, although we did break that white trend line which is the very first level of support but from this green zone if bulls get the strength than they can take prices to the red zone or above 94xx level.
horizontal line is the level i would consider the line between bulls and bears around 8200, below this all bearish.
a view over daily chart
my custom RSI is now in red zone with no sign of weakness in trend, possibility of making higher lows with higher highs formation
my custom RSI loosing momentum in short term but not bearish yet
that's all for now hope this idea will help you making lots of profits like the previous one's
to join premium dm me
this is husain zabir signing out...
thankyou...
Trade ativo:
most likely a rounded bottom formation, that could result in a C&H pattern forming a double top in 9xxx - 10xxx zone
