BTC UPDATE!!
BTC UPDATE
Trend has been bouncing on $3650 (Bitfinex) Horizontal support for last 4 days without never close below it on 4h TF. #BTC is now attempting to break Bull Flag after yesterday bad rejection. Trend also bounced on MA50 and Kumo Cloud.
MACD already made a Bullish Cross and looks ready to go (but we know it's a very lagging indicator, so we really need to follow price action in order to see a clean break of diagonal resistance). RSI broke downtrend channel before price which could be a bullish indicator.
I have to adjust my MAs projections, Bullish Cross between MA100 and MA200 might happen later since the price is going sideways and the MAs are following. Well, there is not much space between top trendline of the Bull Flag (Resistance) and all the Support (Horizontal Blue Line, MA50 and Kumo Cloud)... so it has to break soon if it wants to go up from here (and indicators look bullish) otherwise there will be another leg down (Price action analysis on HTF is more bearish).
For further any queries
Ask @luckys
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