RATE Group | BTC/USD bulls take control of the market and aim for the $5,400 level  – Confluence Dete…
83455
post-template-default,single,single-post,postid-83455,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

BTC/USD bulls take control of the market and aim for the $5,400 level  – Confluence Dete…

19 Mar BTC/USD bulls take control of the market and aim for the $5,400 level  – Confluence Dete…

Posted at 10:22h in Bitcoin News by

[ad_1]

  • BTC/USD went up from $5,039 to $5,340.25 this Tuesday before the bears took control this Wednesday.
  • The daily confluence detector has three healthy support levels on the downside at $5,335, $5,315 and $5,285.

BTC/USD daily confluence detector

fxsoriginal

BTC/USD bulls have suddenly woken from their slumber as Wednesday comes to a close. The price has gone up from $5,340.25 to $5,363 and will look to overcome resistance at $5,435. This level has the one-day Fibonacci 23.6% retracement level and 15-min Bollinger Band upper curve. 

On the downside, there are three healthy support levels at $5,335, $5,315 and $5,285. $5,335 has the SMA 5 and one-day Fibonacci 38.2% retracement level, while $5,315 has the SMA 5 and SMA 10. Finally, $5,285 has the one-hour Bollinger Band middle curve, SMA 50 and SMA 200.
 

[ad_2]

Source link

Tags:
, , , , , , , ,