BTC Chart Update - Maxime Desalle - 03/04/18
DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you made a lot of profit during this green day!
The current support is located at 7300 $. Bitcoin is currently touching the 7450 $ resistance. You can see that BTC is currently in an uptrend. Bitcoin is in a descending triangle. The RSI is high, to high in my opinion. So the MACD isn't good. The red line is crossing the black line to the downside. The MACD volume is also going down. That's not good news. Like you can see, I added the Bollinger Bands. They are doing the same job as the RSI.
Here is my prediction: The MACD isn't good and the RSI is to high that's why I think that Bitcoin will go down in the following hours. In my opinion, BTC will go to 7300 $ and possibly to 7200 $. If there is bad news, then Bitcoin will go to 7000 $ for sure.
Thank you for your support,
Maxime Desalle
Good afternoon dear traders,
I hope you made a lot of profit during this green day!
The current support is located at 7300 $. Bitcoin is currently touching the 7450 $ resistance. You can see that BTC is currently in an uptrend. Bitcoin is in a descending triangle. The RSI is high, to high in my opinion. So the MACD isn't good. The red line is crossing the black line to the downside. The MACD volume is also going down. That's not good news. Like you can see, I added the Bollinger Bands. They are doing the same job as the RSI.
Here is my prediction: The MACD isn't good and the RSI is to high that's why I think that Bitcoin will go down in the following hours. In my opinion, BTC will go to 7300 $ and possibly to 7200 $. If there is bad news, then Bitcoin will go to 7000 $ for sure.
Thank you for your support,
Maxime Desalle
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