Bitcoin has been in the for 120 days.
In this channel we could see a lot of bull traps, bear flags etc.
It looks like 6500 is the bottom of the bear market, the demand for Bitcoin at this price is really huge and bears coudnt not drive the price lower than this.
MACD - Yes, was really strong once, but that time BTC was under the channel so that meant Bitcoin was headed only back to Channel. But this time, we are the higher half of channel that means, the could show us that Bitcoin is headed out of this Channel. The Blue line is steeply going up and buy is increasing.
RSI - Looks great, , but we need to keep going up, if falls under 46 thats a bad sign.
For now, the price will drop a bit as 4 hours is overbought, the 4 Hours needs to bounce from at least 46 to be again, not lower.
Hope I made your view on whats going on with Bitcoin somehow clearer.
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If this gets a little bit of attention, I will update.