⚡️ #BTC OUTLOOK - 18/07⚡️
50:50
Bearish:Bullish
Challenging top of range and key resistance, oversold but with a bullish divergence in play. Key notes are flipping the 200EMA - which is an incredibly bullish sentiment. We have a very recent bullish Divergence on the RSI although coming into Oversold territory.
There is a significant resistance to break through although the orderbooks are looking like there are a lot of bulls support the $22k support.
Bullish Play
- Breaking price resistance and trendline resistance of $23.4k could open up a target of the CME gap at $27.3k
Bearish Play
- Failing to break can form double top and send us back to $20k
50:50
Bearish:Bullish
Challenging top of range and key resistance, oversold but with a bullish divergence in play. Key notes are flipping the 200EMA - which is an incredibly bullish sentiment. We have a very recent bullish Divergence on the RSI although coming into Oversold territory.
There is a significant resistance to break through although the orderbooks are looking like there are a lot of bulls support the $22k support.
Bullish Play
- Breaking price resistance and trendline resistance of $23.4k could open up a target of the CME gap at $27.3k
Bearish Play
- Failing to break can form double top and send us back to $20k
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.