in 4 hour chart. BTC/USD rally is already overdue and retracement is coming finally which is good for bullish trend to be preserved for much longer time.
Support : 7600 +- (200 EMA)
Support2: 6300 +- (support/resistance from past)
resistance : 8300 +- ( support from previous ascending triangle top)
resistance2 :8600 +- (last highest price before dumped + recent down trendline + 20 EMA + 50 EMA )
Indicator :
DMI : DMI- is skyrocketed while DMI+ is doing reverse, bearish and DMX(momentum strength) is still relatively weak, below 25.
MACD: histogram is changing to seller volume,MACD line and signal line already crossing with a sell signal is still in progress.
Volume MA is rising with seller volume
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Support : 7600 +- (200 EMA)
Support2: 6300 +- (support/resistance from past)
resistance : 8300 +- ( support from previous ascending triangle top)
resistance2 :8600 +- (last highest price before dumped + recent down trendline + 20 EMA + 50 EMA )
Indicator :
DMI : DMI- is skyrocketed while DMI+ is doing reverse, bearish and DMX(momentum strength) is still relatively weak, below 25.
MACD: histogram is changing to seller volume,MACD line and signal line already crossing with a sell signal is still in progress.
Volume MA is rising with seller volume
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
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at the moment is testing 200 EMA in 4 hour.. if it drop below that level.. i expect a huge dump to nearby fib support line or to +- 6 k area..
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