BTC: high probability that the market will continue shocking

2019년 12월 6일

The bulls failed to break through the $7,500 again yesterday, and the highest rushed to $7,479 and then fell back to the $7,270 currently oscillating around $7,300-$7,400.
It can be seen that $7,500 is important resistance, and subsequent price upwards will focus on 7500.

For the 4 hours chart, Bollinger Band is opening upwards, the current price of $7,400 successfully stands above the MA5, showing that the long party is still continuing their efforts on it. The MACD fast and slow line is sticking together near the zero axis, showing a golden cross, and the RSI is increasing upwards. On the whole, the short-term market trend is still suppressed by the resistance above, and there may be a downward adjustment.

The current trend of kdj is still bullish upward, and it is also an upward trend in the upper track of kdj. Combined with the one-hour kdj, the possibility of upward trend will be particularly high. but the long term trend will be downward for sure.

Key Points:
Short: $7,450-$7,400
Stop loss: $7,500
target 7350-7300-7150
Entry: $7,150-$7,100
Stop loss:$7,000,
target: $7,350-$7,300