Hello guys, I don't think if we should be buying at 7200$, what is happening is weird, we see a bear flag broken, followed by this rising wedge , a slight divergence in RSI . I would neither buy or sell right now, this is a no trade zone for me.
Note
As expected, just now BTC bounced off his resistance (green line), if it were to break it that would have been the end of the bear market, but it didn't. Now we are waiting for a new bottom to re-entry I expect to be near the support red line, but will also be looking for bullish signs on several indicators.
Keep you guys updated.
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🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
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.