Bitcoin – nice price movements coming soon !

Bitcoin – nice price movements coming soon !

Bitcoin / Dollar BITFINEX:BTCUSD


Current price area is no trading area because there are only small movements with low volume . Wait for a clear direction confirmation before entering this trade. Clear confirmation is an break out/down and close of couple candles under or above trend line .

-price moves still in up trend channel
-price bounce several times from up trend line support which indicates strong support at this line
-price holds above 20D ,50D and 100D Moving averages which indicates further bullish movement
-MACD showing further up movement after crossing of baselines
-RSI within triangle and near breakout/breakdown

Good luck to all and have a nice weekend !