What is it going to be for BTCUSD? Depending on whatever you (want to) believe, it might follow the uptrend channel (green) or the downtrend channel (red).
Call it #hopium or something else, but - despite of the larger bearish channel (in black) - when I look at the StochRSI (oversold) on both the 4h and the 1D, my bet is on the more positive side.
So: up for BTCUSD.
No financial advice, just the thoughts of a relative new trader.
Trade active
So far BTCUSD has indeed had more upside movement. Following the uptrend channel (green) just fine. :) And not meaning to spread more hopium, but do we see an ascending triangle ( bullish pattern) on de h1-chart?
Again: let's see how this works out!
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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.