BTC/USD 4H Chart: Supported by SMAs - Trade Pattern Ideas - Dukascopy Bank
Thu, 10 Jan 2019 06:14:29 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Sell
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Neutral
Alligator (13; 8; 5)
Buy
Neutral
Sell
SAR (0.02; 0.2)
Buy
Buy
Sell
Aggregate
⇒
⇒
⇒
The Bitcoin cryptocurrency has been trading in an ascending channel pattern against the US Dollar since the middle of December when the pair bounced off its bottom border at 3186.9.
The BTC/USD pair breached the three SMAs at 3826.2 during the previous trading session.
Given that the 50-, 100-, and 200-hour simple moving averages are pointing north, it is possible that the blockchain will continue to gain strength and potentially target a strong resistance cluster formed by the weekly and the monthly PPs at 4255.4 during the following trading sessions.
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