the 6,111 low to 6,831 high is acting as a support. Bitcoin, bTC/Name, price, today 24 hours 7 days 30 days, exchanges, change. WMA line is weighted average line that focuses more weight on closer days.
How to trade Bitcoin with an macd Indicator Bitcoin macd Positive First Time Since January 2018 Bitcoin chart with Moving average indicators(SMA, WMA, EMA Btcusd Bitcoin Chart and Price TradingView
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Looking at the technical indicators: 4-hours macd The macd for BTC/USD is slightly placed in the bearish zone. 4-hours RSI (Relative Strength Index) The RSI is well above the 50 level. The price traded above the 6,700 level and tested the next resistance zone near 6,850 (the previous support). Indicators are not 100 accurate. Looking at the chart, BTC price is facing a lot of hurdles near the 6,850 level. It traded as high as 6,831 and is currently correcting lower. Above this, buyers need to surpass the 7,000 level to move into a medium term bullish zone. Major Support Level 6,550, major Resistance Level 6,850. On the other hand, we can see that there is also some inaccuracy and ambiguity(yellow).
Chart Reading: Understanding the EMA and macd Bitcoin Price Weekly Analysis: BTC/USD Turned Short-term Bitcoin ATM Map - Find Your Nearest Bitcoin ATM Bitcoin - Official Site)