Some observations I am looking at that supports my bullish view.
- MACD is crossing up
- Divergence on MACD
- Everyone feels that we will crash further (including me)
But first we need to break that 8500 area, after that the 200 EMA is the problem. But in the short term we are actually going up! Hopefully it is a good upmove.
Note that we are still bearish in the Daily charts . A break below 8000 makes the market bearish yet again.
Educational purposes only
Posted late because Steemit having problems At tradingview I posted way before it went up.