BTCUSD jumped more than $5000 yesterday as institutional demand increased. It hits an high of $74100 and is currently trading around $73175.
|
Technicals |
CMP -$73118 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$68220 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$71196 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$76288 |
CMP >365 EMA |
Bullish |
Major support- $64000/$60000/$52500/$50000. Major bullishness only above $76300
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
192.85 |
|
ADX |
Bullish |
Strength increased from 21.70 to 23.45 |
It is good to buy on dips around $70000 with SL around $67000 for a TP of $76250/$80000.
