BTC/USD Retracement In Progress

in #chart5 years ago (edited)

Update from my previous chart regarding btc/usd upcoming retracement.

ScreenShot_20190609015215.png

On 4 hour timeframe, BTC/USD already below 2 down trend line and 21 + 55 EMA at the moment and with high probability to to test 200 EMA again interestingly btc/usd manage to made a higher low and higher high atleast in very short term. -click the picture to show it's potential support-

download (4).png

Indicators:
DMI : DMI is beginning to weaken as it's start to rise up above DMX and increase it's range between DMI- and DMI+. bearish trend is dominating as for now.

MACD : MACD is ready to switch to seller histogram, interestingly the buy histogram do made a higher high from the previous buy histogram. for macd EMA is currently trying to get above 0 value/bullish zone.

Volume MA slight increase by seller volume

this chart invalidated once price action goes above 55 EMA with many consecutive candle closes

download (2).png

please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.

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