Why Bitcoin cant go up right now ?
After FED's interest rate decision Bitcoin started increasing quickly to its channel's resistance level. If it's wanna breakout from the channel we need a high volume at breakout. Importing point in this situation is because of FED, Bitcoin increased without being accumulated. So before a breakout, we have to see an accumulation zone(for example flag formation) that's how BTC can take power to breakout.
-Moving averages below price saying uptrend
-CCI is in the overbought zone. A correction move can happen.
-Momentum turned positive newer.
-ADX is 36 so the trend still can get more powerful after an accumulation.
-Moving averages below price saying uptrend
-CCI is in the overbought zone. A correction move can happen.
-Momentum turned positive newer.
-ADX is 36 so the trend still can get more powerful after an accumulation.
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