- Currently the MACD for the larger candles 4,6,7,8 etc appears bearish but this can change in the upcoming hours
The daily MACD remains bullish , RSI is bullish . However the TD - counters are at 7 . A 9 means a Possible 1 to 4 daily candle count down or reversal/
A new daily candle has been started currently and shows a countdown of 1 . But this is a daily candle with 18 hours to go so it can flip during this time.
Going by the daily MACD- I do think BTC will continue upwards after this correction. There is currently a reversal candle to the downside on the daily 7 candle but the latest daily candle can close past this in 18 hours.
To get a better sense of what happening I'll be watching the 12 hour as if the MACD crosses on this bad boy BTC is going down.
- As long as the daily MACD remains bullish BTC can continue upwards.
For this weekend id need to see how Thursday shapes up to get an idea of BTCs direction,