BTCUSD 12/15/2020
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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First of all, please read first my previous TA.
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1D
As you see, Bitcoin is trying to break resistance level I mentioned in previous TA. If the price closed above $ 19,450.00 on Daily, there is a high probability of moving more upside prices. But historically, Tuesday is a break out day. play attention in 4 Hour time frame (today). The price is breaking the resistance area for so many days ( 8 days to be specific). Likely, resistance will be broken eventually. The price is above the moving averages. There is a bullish divergence on RSI, Stoch RSI and MACD. Bullish Crossover on Stoch RSI. MACD has not yet.
4HR
Yesterday, There are several bearish indications in this time frame but right now it completely invalidated.
1HR
It's just a pullback not a big deal.
Target to the Upside
There could be a temporary resistance at 0.618 or $ 19,856.19 but it breaks that resistance likely price to go up.
______
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
First of all, please read first my previous TA.
_____
1D
As you see, Bitcoin is trying to break resistance level I mentioned in previous TA. If the price closed above $ 19,450.00 on Daily, there is a high probability of moving more upside prices. But historically, Tuesday is a break out day. play attention in 4 Hour time frame (today). The price is breaking the resistance area for so many days ( 8 days to be specific). Likely, resistance will be broken eventually. The price is above the moving averages. There is a bullish divergence on RSI, Stoch RSI and MACD. Bullish Crossover on Stoch RSI. MACD has not yet.
4HR
Yesterday, There are several bearish indications in this time frame but right now it completely invalidated.
1HR
It's just a pullback not a big deal.
Target to the Upside
There could be a temporary resistance at 0.618 or $ 19,856.19 but it breaks that resistance likely price to go up.
______
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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