Up Trend Still Current-First Target:12700 $
RSI turns through the up within past a few 4H. MACD acceleration decreased, but still signalling to BUY.
Trend line's movement is near the up line of Bollinger Band.
Indicator analysis shows us a up trend. But, let's look at the chart analysis. You can see that, trendline which is coming from 6000$ to the today's price is still active. The down trend line which is passing through the 19800$ and 17000 $ is squeezing the up trend line. Another important thing is; another trend line creates a ascending triangle.
So,all that things show us, BTC is going to rise within a few days. This is the decision time, but when I've looked all this things, the way is UP!
Thank you...
Trend line's movement is near the up line of Bollinger Band.
Indicator analysis shows us a up trend. But, let's look at the chart analysis. You can see that, trendline which is coming from 6000$ to the today's price is still active. The down trend line which is passing through the 19800$ and 17000 $ is squeezing the up trend line. Another important thing is; another trend line creates a ascending triangle.
So,all that things show us, BTC is going to rise within a few days. This is the decision time, but when I've looked all this things, the way is UP!
Thank you...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.