Indicators : MFI = Still making a higher low from 18 december 2018 and still moving in bullish territories. DMI = +DMI is consolidating around 25 level and -DMI at level 16 and geting closer with +DMI. ADX is currently dropping which indicate momentum to upside is decreasing, potential for sideway movement or retracement is possible. Volume = Increase by looking at the MA
Still moving in ascending triangle area. above 20 +50 EMA which is good for bullish trend
in 4 hour, Indicators: DMI = Consolidating as trend still being bullish for now and still developing it's momentum for further upside if it possible and had enough volume. MFI = slightly bearish as it's making a lower high as well as the price following by also making lower high Volume = is decreasing by looking at MA
short term outlook Support #1 : 7900 (trendline for ascending triangle) Support #2 : 7500 (20 EMA Daily)
Resistance #1 : 8200 (previous high for btcusd in short term) Resistance #2 : 8350 (upper resistance for ascending triangle)
Long term outlook I'm looking EMA line as a potential support if somehow BTC/USD fall or retrace hard
20 EMA (red) ; around 7200 50 EMA (blue) ; around 6400 200 EMA ( Purple) ; around 5600
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion. and please feel free to share what your thought on comment section as i like to hear a new things to learn from you too.. peace.