BTC has outperformed most big altcoins and that quick jump back in the positive EMA200 region is a sign of returning fortitude in the cryptomarket.
But I added also a new trendline (grey),that's our resistance the market has to overcome to continue this rally.
For the first time since I write for you guys here, we have an overbought RSI and the MACD turns slowly towards its signal line.
I good old BTC could close a daily candle above 8300$, the rally should go on and the next resistance 9950-10000$.
But regarding the RSI, minor setback to 7900$ is likely.
Coinvestors continue the cost avenging strategy, traders should look to buy in with a stop on the EMA200.
But I added also a new trendline (grey),that's our resistance the market has to overcome to continue this rally.
For the first time since I write for you guys here, we have an overbought RSI and the MACD turns slowly towards its signal line.
I good old BTC could close a daily candle above 8300$, the rally should go on and the next resistance 9950-10000$.
But regarding the RSI, minor setback to 7900$ is likely.
Coinvestors continue the cost avenging strategy, traders should look to buy in with a stop on the EMA200.