2019-2-15 08:52 |
Yesterday, February 14, the BTC price was in the bearish trend. The BTC price fell below the EMAs after the range bound movement. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day. While the 12-day EMA and the 26-day EMA are trending horizontally indicating the sideways trend.
Meanwhile, the BTC price is ranging above the $3,600 price level. There was an earlier suggestion that if the bears had broken below the $3,600, the crypto might resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.
BTC/USD Short-term Trend: RangingOn the 1-hour chart, the BTC price is in the sideways trend zone. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day EMA. Presently, the crypto’s price is below the EMAs. Yesterday, the bears broke below the EMAs but the bulls have taken control as price break above the EMAs.
There is no clear direction as to where price will go after the range bound movement. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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