BTC/USD Daily TA Neutral Bullish for COINBASE:BTCUSD by dailytaguy

BTC /USD Daily neutral with a bullish bias. *Sunday Scaries watch — both the bulls and bears love setting traps on Sunday and Monday so please be wary of a potential Dead Cat Bounce.* Recommended ratio: 60% BTC , 40% cash. Price has been testing the 50/50 uptrend line from March 2017 for 11 consecutive sessions now and is currently attempting to bounce off of it to break out of a 12-day Bullish Flag formation. Volume remains moderately low and is on track to favor buyers for a second consecutive session; the low volume is a bit concerning here but could also indicate that sellers are getting exhausted. Parabolic SAR flips bearish at $26k, this margin is neutral at the moment. RSI is currently trending up at 40 as it approaches 42.41 resistance (which coincides with the uptrend line from 01/22/22. Stochastic is currently trending sideways at 91 and is on the verge of a bearish crossover, it is still technically testing 77.95 resistance. MACD remains bullish after crossing over in yesterday’s session, it is still technically testing $2497 minor support. ADX is beginning to trend down at 45 as Price is being supported here at $30k, this is mildly bullish . If Price is able to breakout and close above $30507 (twice consecutively) then the next likely target is a test of $36258 minor resistance. However, if Price is rejected here and falls below $28600, then it will mean that the 50/50 uptrend line has been broken and BTC will likely test $24180 minor support before potentially testing $20k. Mental Stop Loss: (two consecutive closes below) $28633.

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