BTC\USD

BTC\USD

@Dmitry1gorevich

Here is a daily chart BTC against USD

Now the glued 30-day and 60-day moving averages act like a strong resistance. The last three days the price is climbing up without volume and it is very interesting will the market let break through that resistance MAs.

RSI the same time gives the 50th level as a resistance too. MACD already holds above the zero but has a negative tendency.

On the 4 hr scale, RSI already holds above the 50th level and MACD is about to cross the zero. The last candle is bullish and accompanied the volume let's see maybe it is not a shakeout but a try to break the $10800 resistance level.

The market depth shows a little 'Bids' advantage, that balance just has been changed. In general, it doesn't look so bullish.

The weekly MDR shows the 'Asks' reducing tendency and it looks more promising for bulls

Conclusions:

If you are bullish

Entry - $10500, stop - $10260, take - $11150


If you are bearish

Entry - $10800, stop - $11260, take - $9950



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