BTC/USD Overview so far.

in #crypto7 years ago

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Chart update from my tradingview for btc/usd in 1 day chart

Still moving upward as expected within beautiful price channel to the upside.....

Head and shoulder pattern is not valid anymore as left shoulder is already higher than it's head..
nice!!

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potential rising wedge is still in play..

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MACD begin to show it's strength and will find out soon enough whether it will end up with a bearish divergence or not.
green line : good indication for the bull keep's it's march
orange line : a sign of imminent healthy pull back.

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RSI just breach a line into 70 level line and remain intact with it's channel.
must breach a previous yellow line or higher than a list higher RSI level.
a high stake for the bulls to keep going
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As long it's the price move within the channel. high probability for the trends keep continue. Otherwise it's vice versa condition as it will seek it's previous good support or sideway along the resistance before it broke...

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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