Bitcoin price aiming for an uptrend ?

[shafay]

Price slowly moves out of downtrend yesterday after breaking the resistance at 10900. Now a bullish sign is prevailing due to several reasons.

MACD is pointing upwards with RSI still below 60. This is a good sign for a uptrend price movement because of the fact that if MACD breaks out RSI got much room to grow above $12000. Further Bollinger Bands are still squeezed and a completion of inverse H&S shoulder pattern is likely to give more hopes for an uptrend.

Price might face resistance at 12500-12800.

Note : Trade at your own risk.

Steem / SBD : @Shafay
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Comments

[coin.info]

Coins mentioned in post:

Coin		Price (USD)	📈 24h	📈 7d
BTC	Bitcoin	11499.600$	5.38%	17.67%
DOGE	Dogecoin	0.005$	-2.9%	-13.34%
LTC	Litecoin	213.276$	3.46%	5.12%
SBD	Steem Dollars	3.757$	6.88%	-7.82%
STEEM	Steem	3.619$	11.57%	4.95%

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