Bitcoin continues its growth momentum, the key indicators point to the inevitable growth

Биткоин продолжает динамику роста, ключевые показатели указывают на неизбежность роста

Bitcoin-the bulls worked the holiday weekend to support the daily uptrend of bitcoin prices and volume of sales. Meanwhile, the ratio of longs to shorts has reached a decisive moment.

At the weekend the price of bitcoin lost hour and four-hour uptrend, when dropped below 26 EMA and closed at the support of $5200. However, at the time of this writing, bitcoin is feeling more like a small growth, and is trading $5335 at the time of this writing.

It is hoped that the result of the low volume holiday weekends, but it is also noticeable that the shorts were on the rise and are now approaching month high. As noted by analyst FilbFilb in your trading journal, the ratio of longs and shorts close to 1: 1, in recent years, these technical indicators bitcoin contributed to the price movement.

VTS longs and shorts

It looks like the hourly price chart

BTC/USD remains in the range of $4900 and $5360 and it is possible that the digital asset begins to consolidate on the daily chart. Typically, the bitcoin remains in good condition until he can stay above the 12 EMA in the short term.

As the hourly chart shows, the price of BTC has a relatively consistent support in the neighborhood of $ 5200, which corresponds to the 61.8% recovery level Fib (Fibonacci), and the decline in Sunday below 26 EMA was a reason to worry, since BTC is already in the process of crossing the 20 MA on the indicator Bollinger bands and RSI and Stoch start to rise on bullish territory.

The four-hour chart the price VTS

Despite a few dangerous moments at the weekend, биткоbн remains in an upward bullish trend and bearish volume to decrease.

The Stochastic oscillator (Stoch) appears on the verge of a bullish cross from the oversold region, buyers have shown interest in him from 5,170 to $5,230. Traders who are looking for speculation, I can search for entries around those prices to reach $5335, while the longs may enter for $5200 with a stop loss without loss.