- Short Term ; Support : 10170 & 10610 || Resistance : 10850 USD & 11000 USD
- Being consolidate for a while around 10800 area as yesterday i expected it would be. Still Above the trendline which mean bullish momentum is still there. if it manage to surpass those resistance i expect a plenty room toward upside movement until the next major resistance around 12000 area.. Conversely, rejection from support i expect 10200 major support will be test in the future.
- meanwhile, indicators still looks bullish in 4 hour and daily chart overall.
Indicators from top to bottom;
4 hour indicators tells a mixed signal.
- OBV had a slight bearish divergence while the histogram didnt had a sign for upcoming weakness yet.
- CCI is remain bullish while it's show a very slight hidden bullish divergence and
- CMF is still align with price action.
- If the price action able to maintain current level. It's not a bullish case for BTCUSD to be able to resume it's bullish continuation to retest short term resistance.
1 day charts
- Show an early buildup in OBV which is good sign for bullish trend in larger time frame.
- CCI is leap toward bullish zone ( above 0) and it's still had a plenty for bullish momentum room to go.
- CMF still not show up like the rest of the indicators. It is still had divergence in between the price. if it could go above the horizontal line i put within indicators. that might be a bullish sign in larger time scale.
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, any relation between my posts toward any of your trading decision would be on your own consequence. please feel free to share what your thought on comment section.
peace.