BTCUSD pared some of its gains due to profit booking. Currently trading at about $72735, it has a high of $76022.
|
Technicals |
CMP -$74201 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$71763 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$71068 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$74372 |
CMP < 365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $76200. Any break above targets $80000/$85500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
110.98 |
|
ADX |
Neutral |
|
It is good to buy on dips around $70000, with a SL of $67000 and a TP of $80000.
