#BTC is allowed to get in a positive status, which has come over 200MA.
There is still the resistance, under which it is narrowing the gap at the top of the convergence.
If over $ 8,000, it would penetrate the top of the decending convergence and then show a development of a new situation.
If under $8,000, nothing changes, the convergence would keep its position on.
Still, 200MA is the supporting line which people trust not to be broken.
In a long term, the market gives us a serious flirting.
Over 61.8% - bullish
61.8~38.2% - neutral
Under 38.2%- bearish
H4
There is still the resistance, under which it is narrowing the gap at the top of the convergence.
If over $ 8,000, it would penetrate the top of the decending convergence and then show a development of a new situation.
If under $8,000, nothing changes, the convergence would keep its position on.
Still, 200MA is the supporting line which people trust not to be broken.
In a long term, the market gives us a serious flirting.
Over 61.8% - bullish
61.8~38.2% - neutral
Under 38.2%- bearish
H4
