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BTCUSD August 27 2019 Daily Chart

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Published: 27 Aug 2019 › Updated: 27 Aug 2019BTCUSD August 27 2019 Daily Chart

BTCUSD August 27 2019 Daily Chart

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  • Short term ; Support : 10000 & 9700 || Resistance : 10200 10500.
  • I'm not change my 1st downtrendline (red) position and BTCUSD seems failing to regain a position above 1st down trendline (red) and currently nestled around 10200 resistance for now.
  • I'm still waiting for the volatility around he apex of the triangle formation on 29 August until 1 September.

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  • Indicators on 4 hours tell a neutral zone, still leaning toward bullish side slightly;
    |Stochastic RSI & RSI ( (1st panel indicator) still on bullish trend momentum as long it's above the neutral zone (white horizontal line) and maintain above it for a while.|
    |OBV histogram(2nd panel indicator) is still increasing in volume and higher than previous peak for current time being.|
    | DMI (3rd panel indicator) is consolidate below the neutral zone (white horizontal line) which tell us the current price action in weak movement in both direction. See all line (+DI,-DI & ADX) below the neutral zone indicate a low volatility market currently on 4 hour timeframe.|

Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.

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