BTC - Bitcoin Quick Review | bears vs bulls
Here's a quick look on BTC. I am more bullish as : - all candles are closing above 200 EMA on the hourly chart
- it's testing the channel support line which has been tested before few times
- MACD is up-ticking on lower time frames
>> First target will be where the major resistance line and the channel resistance line meet, which is 6800-6850$ range.
however we will have to see if the trend stays above the support line, otherwise we can expect a fall to 6200 range
- it's testing the channel support line which has been tested before few times
- MACD is up-ticking on lower time frames
>> First target will be where the major resistance line and the channel resistance line meet, which is 6800-6850$ range.
however we will have to see if the trend stays above the support line, otherwise we can expect a fall to 6200 range
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