Update On Bitcoin: Targeting 7000-7300$

avatar

BTC/USD Weekly Chart

Bitcoin broke the weekly 55 EMA (blue) and is currently finding support at the golden pocket region of the small Fibonacci. Our next stop is the 7300$ (with possible wicks to 7000$), were a big support level is to be found: we have the 0.618 of the big Fib., the 0.786 of the small Fib. and the 100 weekly MA. There's also a bearish cross on the MACD, so 7300$ could be around the corner.

Ctrl + Click here to enlarge the image in a new tab (steemitimages)

btcusdweekly.png

BTC/USD Daily Chart

On the daily, the descending channel is more clear. We have the RSI almost touching the lower reference line and despite the MACD rejection at the signal line, we have a bullish divergence on the Histogram, which might signal an early reversal. Personally, I'm still waiting for a divergence also on the RSI and MACD.

Ctrl + Click here to enlarge the image in a new tab (steemitimages)

btcusddaily.png

steem line 2.png

mywolf.gif

Thanks for reading and safe trading!✌

If you find this post useful, please:

aezakmi gif.gif

cryptocurrency bitcoin money crypto palnet steemleo neoxian
0
0
0.000
5 comments
avatar

But the end of all things has drawn near. Therefore be sober-minded and be sober unto prayers.(1 Peter 4:7)

Question from the Bible, Is there such a thing as untimely death in the Bible?

Watch the Video below to know the Answer...
(Sorry for sending this comment. We are not looking for our self profit, our intentions is to preach the words of God in any means possible.)


Comment what you understand of our Youtube Video to receive our full votes. We have 30,000 #SteemPower. It's our little way to Thank you, our beloved friend.
Check our Discord Chat
Join our Official Community: https://steemit.com/created/hive-182074

0
0
0.000
Reply
avatar

Update:

Our next stop is the 7300$ (with possible wicks to 7000$)

First target hit. Could have candle wicks as low as 7000$.

Ctrl + Click here to enlarge the image in a new tab (steemitimages)

btcnow.png

0
0
0.000
Reply
avatar
0
0
0.000
Reply