1/14/20 review of BTC from Coinbase usig the Daily chart.
BTC is about to test the down trend-line originating back in June 2019. It is also testing the horizontal resistance line at $8,800. 200 day EMA is still acting as support for BTC price. Overall, BTC has had a strong move up from $6.8K acting as the new 2020 base.
I am bullish BTC, but the RSI and MACD have been on the move and are a bit high for me. Looking for BTC to retest $8K for a better risk/reward entry point.
BTC is about to test the down trend-line originating back in June 2019. It is also testing the horizontal resistance line at $8,800. 200 day EMA is still acting as support for BTC price. Overall, BTC has had a strong move up from $6.8K acting as the new 2020 base.
I am bullish BTC, but the RSI and MACD have been on the move and are a bit high for me. Looking for BTC to retest $8K for a better risk/reward entry point.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.