Looking at the log scale of BTCUSD daily we can see the price still under the major downtrend line. At the moment the price is fighting the 61.80% level of the major Bullish structure. To me to consider BTC bullish again we have to see prices out of the MA50 and the downtrend line after breaking out the Fib 61.80% Anyway MACD, and RSI over 50 , supports bullish movement. i think we can see prices around 8620$ and 9000$ in the next days. If price won't break the Fib level at 8167$ the next support is at 6610$.
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Price Broke the downtrend line. Expecting a retest, would be a good entry point
I can´t understand why my day chart is showing something different, even using the same broker.
tomm.giannessi23
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@babyjungle, because mine is logarithmic scale
tomm.giannessi23
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@babyjungle, to set your scale in logarithmic mode , go on the price scale on the right , right click and you will see Log scale.
Log scale is usefull to have another point of view of the chart