BTCUSD now is situated into a bearish penannt which is a continuation pattern that means the price will go down
We can see in this chart,when BTC touched resistance lines between 6408-6450 all time was rejected(which is the biggest resistance at 6H chart).
buyers slowly leave BTC ,volume going down
Macd is still bearish because this touched the top of neutral zone and now we are curbating and probably will going down
Stoch bearish cross confirmed
RSI also is below neutral zone(50 points)
Target for this bearish penannt is 6150$
We can see in this chart,when BTC touched resistance lines between 6408-6450 all time was rejected(which is the biggest resistance at 6H chart).
buyers slowly leave BTC ,volume going down
Macd is still bearish because this touched the top of neutral zone and now we are curbating and probably will going down
Stoch bearish cross confirmed
RSI also is below neutral zone(50 points)
Target for this bearish penannt is 6150$
Trade active
We are below ichimoku cloud in 6H timeframe which will confirm us a bearish action
We are near top of BB so ..i think the drop are inevitable
Order cancelled
Bearish penannt broked
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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.