BTC(1) - Bitcoin about to make a statement
BTC has been pretty quiet for the past few days. Volume has decreased in light of the altcoins going crazy this week. But it's been to quiet for BTC and it looks like its about to wake up.
On the a 4 hour chart it looks like momentum is turning upwards, and on the MACD it looks like its making a turn upwards and the histogram is in the beginning stages of a bigger hill.
The DMI looks like momentum in the upwards direction
On the chart $17400 is looking to be weaker resistance now with strong resistance up at $19800 and $21000.
I believe very soon we will see new all-time highs for BTC. I would recommend holding BTC positions or entering now. I'll be watching BTC closely...
Stop loss at $15900. Profit targets at $19800 and $21000.
All images are based on Bittrex BTC/USDT 240 Chart
Disclaimer: The author currrently holds long positions in BTC/USDT
