Bitcoin - 1500 $ movement possible - target 11400 $

The market formed a short-term bottom at 9600 yesterday, it is back in the uptrend channel and is currently testing the resistance near 10100 $ as well as the 50 day moving average (yellow line) resistance and last but not least the down trend resistance line from wave c drawn as pointed line . If these three resistances break in next 24 hours we can expect a relatively fast upward movement similar to that of 18-21 July. If this resistance doesn´t break down, 9600 will be tested again.

-MACD baselines crossed bullish, expect buyers searching for good entry within next hours
-RSI has more space to grow up, expect big market price movement if RSI line jumps above down trend resistance line
-market price jumped above middle line of Bollinger bands which is bullish indicator if next candle close above middle line.
-Bollinger bands are getting smaller which indicates a big market movement in the near future

Good luck to all :=)

Đóng lệnh: đạt mục tiêu