Update on Bitcoin: the uptrend continues

in #bitcoin6 years ago

BTC/USD 4h chart:

  • using this pitchfork, we can see that Bitcoin aligns almost perfectly to the trend lines. Breaking below the purple area might be bad for us, but until then, the uptrend continues.
  • we have very strong support at the 40 RSI area and didn't drop below it since the 'big green'
  • the MACD is again above the signal line, indicating that another run might happen this days

right click & open the image in a new tab for better quality
2.png

Ichimoku Cloud on the 4h:

  • this sideways movement that happened this days pushed the Tenkan below the Kijun (blue below red), but it is not a problem ATM
  • we're still above the fat green cloud
  • volume also decreased this days
  • breaking this symmetrical might send us to the +10000$ area

right click & open the image in a new tab for better quality
3.png


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