FX.co ★ teagan.orn | #Bitcoin chart analysis
#Bitcoin chart analysis
Let's consider the digital currency Bitcoin. On the hourly chart since the open, the market continues an impulsive move to the upside. Bitcoin is currently trading near the upper band of the Bollinger Bands indicator at 82577. The Bollinger Bands were expanding and are pointing upward. The MA 200 is below the price. RSI is above the midline. The MACD histogram is above the zero line. It's already too late to open a buy order now. I'm considering buys from the 81270 level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade