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BTCUSD hit the 1hour MA200. New rally if it holds.
Bitcoin / BTCUSD hit the 1hour MA200 on today's strong correction.
So far it is holding and is on the 5th candle in a row of support.
As long as it holds, it is a bullish signal and can give a rally similar to the last 1hour MA200 hold (October 13th) or the one before (October 10th).
The 1hour RSI also got oversold and is rebounding. It crossed above its MA, a bullish signal.
Buy and target 71000 (+6.70% at least).
Previous chart:
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So far it is holding and is on the 5th candle in a row of support.
As long as it holds, it is a bullish signal and can give a rally similar to the last 1hour MA200 hold (October 13th) or the one before (October 10th).
The 1hour RSI also got oversold and is rebounding. It crossed above its MA, a bullish signal.
Buy and target 71000 (+6.70% at least).
Previous chart:
Follow us, like the idea and leave a comment below!!
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