BTCUSD – 1H Analysis

BTCUSD - 1H Analysis by ReadBTC on TradingView.com

BTCUSD – 1H Analysis

The MACD line is still below the Signal one which means we are still on a bearish market.

 

The Stochastic is below 20 which means that the downtrend is about to slow down for the short term and it’s possible to have a correction.

 

The price reached the Support Level at 7000$ and it bounced back from it.

 

Trading Idea : Buying positions close to 7000$ with a target price below 7415$ (Resistance 1)

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