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BTC UPDATE
BTC heads up, nice little run starting.6,380 should be target then a pullback.Needs a close over the 10 EMA to get the ball rolling.I think it is just in a range.it's classic bear/bull fight right now.it has always caught back up to mining difficultly; good for target price for next bull market!Looking pretty bullish considering Shorts are Overbought and Longs are Oversold. btc bulls have less than 2 hour to close over yesterday's close of $6,269. If we close UDER $6,269 on today's candle that becomes a bearish signal for more downside....It's true that btc have not break 6440$ and heading towards 6000$ - 6200$. Bears are so strong these days, but yes these days are in their last stage.i think if btc not break the $6440 break that, high likely we will retest 5800-6000$ again
BTC looking prime for a bullish MACD cross within the next couple days. Im going long but will wait for confirmation before filling the big bags
4h has RIS going up ☝while price is failing to break out. 4h rsi is doing LH...
In short line-
👉 Price close to inverse head & shoulders neckline (i.e $6450).
👉Shorts started covering and every sell order is bought.
👉Shorts RSI on 1, 5, 15 min charts is floored (one digit).
Bitcoin is showing signs of life, but only a break above key resistance at $6,675 would confirm a bullish reversal, technical charts indicate.The hashrate of BTC has been going up since 2017. The price is almost always correlated. Volume precedes price.
I will be focusing more on BTC and other major alts in the upcoming days, simply because that PA has interested me more recently. 👁
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Comeing with BTC analysis and update...
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Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses.