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BTCUSD has formed a bottom around $65000 and showed a minor pullback. It hits an intraday high of $68181 and is currently trading around $67621.
|
Technicals |
CMP -$67757 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$67182 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$68155 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$70115 |
CMP < 365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $70250. Any breach above targets $70935/$72250/$7300/$74450/$75875/$78750/$80000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
125.64 |
|
ADX |
Bullish |
Strength increased from 13.32 to 17 |
It is good to buy above $70250 with SL around $67000 for a TP of $75875.
