I am going to start to update on Bitcoin with respect to its current situation. Before you read above chart please note that the above chart is only a highlight for normal people to understand in brief. Please refer to this telegram link (t.me/joinchat/AAAAAE6m2DwNVbJIEhUe5g) for the accurate charts.
Binance Chart 2H, 4H, and 15 Timeframe plotted on 17 Aug 19 indicates the following situations.
BTC remains sideways for now, and we believe for more downside.
On the 4h chart, the Kijun (Ichimoku indicator) is above the trend (bearish) marking at $10,600 area.
On the 15min & 2h chart, BTC is still looking for wave 5.
On the 15min TF, probable indication for wave 4 but BTC failed to daily close above $10,500 which is still bearish sign.
On the 2h chart, the “double MACD” and RSI indicate some sideways movements of BTC current range $10300-10500).
It might be preferable to remain sidelines.
Disclaimer:
Do NOT trade based on what you see in this analysis and the Analysts that produced this analysis are not be held responsible for any losses that may occur.
You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading. You should only trade based on your knowledge, experience, and risk as a trader.
This information is for educational purpose only.
Trading in any market contains a high degree of risk. It is possible and EXTREMELY likely that you will lose some if not all of your initial investment.
The Analysts that produced this TA are not licensed, financial planner or adviser. If you are unsure of anything in the financial market, always seek advice from a licensed financial planner or adviser.
Invest at your own risk and as always, do your own research!
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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.
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.