RSibayan

Bitcoin - Watching The Green Support Trend Line

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COINBASE:BTCUSD   Bitcoin
Watching The Green Support Trend Line

Downside Breakout Target: $10,825
Upside Target: $11.6K
Kommentar:
Bitcoin is below the 20 Period Moving Average. Probability of a breakout to the downside is high. Bitcoin must stay above the 20 Period Moving Average if it hopes to continue it's upside journey.
Kommentar:
Currently trading below the 20 Prd MA
Kommentar:
Bitcoin trading above the 20 Prd MA and passing the $11,375 price point is a good indicator of further upside price action.
Kommentar:
So far so good.
Kommentar:
Bitcoin now trading above the 20 Prd MA and has passed the $11,375 price point. More than likely it will continue its upside journey to $11.6K.
Kommentar:
Bitcoin continues to struggle to get above the $11,375 price point.
Kommentar:
Bears trying to sell but the bulls just buy the dips right up.
Kommentar:
Good recovery by the bulls.
Kommentar:
Bulls must now push the price up past $11,377 if they wish to continue this uptrend.
Kommentar:
Kommentar:
Bitcoin breached the green support trend line and was below the 20 Prd Moving Average when it broke to the downside.
Kommentar:
BULL FLAG
Kommentar:
Kommentar:
Bull Flag, Bitcoin above the 50 Prd MA.
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