Brief Update On Bitcoin
BTC/USD Monthly View
In the end I left both the descending trend lines in place (body-to-body & wick-to-wick), to have an accurate view. We're currently trying to push above the first one and find resistance at the 0.382 ($9440) Fibonacci level. So far we're good; it looks like we try to respect the previous pattern of having at least a candle wick to the the upper trend-line.
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![btcmonthlynow.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmVTe98B7QFSAV7dqinaRqT7uhngfHDmHvGfb14zif8mgJ/btcmonthlynow.png)
BTC/USD Daily View
On the daily, we're approaching the previous local high again and a strong fight is going on. We could see Bitcoin correcting to the 21 EMA (yellow) again and ride along it to the upside. For now, we have a MACD rejection at the signal line and descending trading volume.
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![btcdaily.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmXAyLqk4yMr8SxpiFJ14Vede1DiNTMMZzhKcfFQsTDF3T/btcdaily.png)
![](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmYdJxHtrns6waecoP7wLGCy9ToPPiygHWGq2jUmoBfnGk/mywolf.gif)
Thanks for reading and safe trading!✌
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