Date: 12 March 2018 - Time: 22:00 (GMT+8)
Cryptocurrency exchange: Binance
Current BTC price (USDT): 9,764.29
24h high (USDT): 9,888.88
24h low (USDT): 9,022.00
BTC TA yesterday was on-point. Below is a quick overview.
Current price action
As expected, the price breached the $9.5k resistance then continued upwards until $9.7k where it mets another resistance. However, it didn't last long before it met another resistance at $9.84k - $9.9k zone. The volume is also a little bit less than the previous volumes.
Short-term prediction
Looking at the MACD indicator, we can see a slightly bearish divergence, thus it is possible for the prices to retrace back up to $9.5k before pushing back up to $10k. I have outlined a possible EW pathway to $10k.
RSI indicator supports the bullish trend claim, therefore, the price is expected to reach $10k in the next few days.
Note: Breaking $9.4k and maintaining the price below it will invalidate this TA.
Disclaimer
This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.
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