Short term : Support 10000 &10150 || Resistance 10500 & 10650
BTCUSD is bounce from the green pitchfork line (green 1) and breach 10000 USD with ease yesterday. currently on 10300 USD level maintain it's as a consolidation phase.
Mean while, A Symmetrical Triangle is formed on medium term could be an idea where the btc movement in medium term.
As long BTCUSD still above pitchfork line (green 1) i still believe a bullish momentum could occur in future. conversely, break that line could be a major bearish sign just like BTCUSD 2018 when it broke that line at 6k region. so far BTCUSD held that line so well (around 9500 area) .
Indicators on 4 hour seems good for a bounce for a short term.
- OBV histogram is slowly reduce the bearish momentum while it switch toward bullish momentum on few days.
- CCI is still on bearish zone while it's testing to get above 0 value. Expect a run up once it's get above 0 value if it could happen.
- RSI testing to get above 40 level after it being heavy oversold condition. Expect a run up if RSI could surpass 40 level.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.