The MACD histogram is ascending and the signal could cross soon, if this support level holds.
RSI is also at historical support and we have a green doji candle starting our next potential impulse on the 1 day charts.
The next levels to watch are around the 6.4k-6.6k range. I am particularly interested in the 1 day 13 EMA range around 6.6k as I feel a break up from there could push us above 7k later this month.
My outlook: I am long at this time. The 1 hour EMAs have consolidated and reversed over the last 24 hours, so that is my sign to go long. I am adding more to my position if the price breaks up with strong volume from our current level at $6,350.
Stop loss for longs under $6,150.
Disclaimer: I am not a financial advisor and all trades are made at your own risk.
Gl and have fun.
Commento
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Can BTC hold at the golden pocket? It's now or never. Moved stop loss down to $6,050 as well.
Commento
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Long closed. Not enough bullish action. Shorting now so see where we find the bottom.
Trade chiuso: obiettivo raggiunto
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Updating and closing out old ideas. It was validated.