BTCUSD August 21 2019 Daily ChartsteemCreated with Sketch.

in #chart5 years ago (edited)

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  • Short term ; Support : 10500 ( around 200 SMA at 4 hour ) & 10400 (orange pitchfork median line) || Resistance : 10800 (recent high price action) & 10950 (recent highest price action).

  • BTCUSD currently testing it's support around 10500. It's a important support as if it's maintain for few days could be a good thing for bullish continuation toward 11000 . Conversely, break this support could lead btcusd price toward 10000 area in swift pace.

  • Indicators (RSI, Stoch, OBV and CMF) still on bullish side of the trend (4 hour). notice all of it still above the neutral line. If it's break the neutral line, most likely going down down into bearish zone.

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Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.