Hello fellas, welcome back to my technical analysis about bitcoin. My apologize to not very active lately due to some other eve that we have to took care in last week. But, the most important thing is that we're back now and I promise you that this update will be very interesting and very detail. The clue is that this week is gonna be awesome!
First, let's see the close of this week's candle which is for me looks bullish and indicate a bullish movement for intra day level. the wick toward the down side is showing how the bulls is having a good work to defend the territory of $8400 as a support in short term.
Second, I see a very awesome graph on MACD indicator. On the histogram, it has ticked up to the positive side and the moving average is having a good golden crossover to the upside.
Third, on the price action, I still see a probability of the price to test again the blue region as the previous broken support that is now become resistance. And from here, I will look for higher time frame bias which show you 2 kinds of perspective. The first one is the bullish perspective (white) and the second one is the bearish perspective (yellow).
$9680 level will be a good area to watch in mid term. Hoping the price will touch this area soon.
First, let's see the close of this week's candle which is for me looks bullish and indicate a bullish movement for intra day level. the wick toward the down side is showing how the bulls is having a good work to defend the territory of $8400 as a support in short term.
Second, I see a very awesome graph on MACD indicator. On the histogram, it has ticked up to the positive side and the moving average is having a good golden crossover to the upside.
Third, on the price action, I still see a probability of the price to test again the blue region as the previous broken support that is now become resistance. And from here, I will look for higher time frame bias which show you 2 kinds of perspective. The first one is the bullish perspective (white) and the second one is the bearish perspective (yellow).
$9680 level will be a good area to watch in mid term. Hoping the price will touch this area soon.
