False perception for BTCUSD
BTCUSD is above its 200 moving day average again.
Currency trading is closed on weekends for retail traders has given the false perception to go long on BTCUSD. Notice the red line is flat while BTCUSD is rising.
BTCUSD should be flat to up on Monday, down on Tuesday. Then high probability to continue down after.
Most likely BTCUSD will stay under its downward trend line which is being touched currently. If it goes above that then it could retrace to 10-11K then down to complete head and shoulders previously.
Currency trading is closed on weekends for retail traders has given the false perception to go long on BTCUSD. Notice the red line is flat while BTCUSD is rising.
BTCUSD should be flat to up on Monday, down on Tuesday. Then high probability to continue down after.
Most likely BTCUSD will stay under its downward trend line which is being touched currently. If it goes above that then it could retrace to 10-11K then down to complete head and shoulders previously.
Note
See my previous idea here:
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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.