Short Term BTC - Bearish
Declining RSI, Bearish MACD, Contracting BB (12H+) Expanding BB(2/4H), 50 and 100 day MA slowing down (4H) 50 Crossing 100 (30M), Daily Cloud resistance and entering cloud on 1H-. 0.236 Fib below first arrow.
Possible bounce to previous support, then downtrend to macro support, until we reach the main resistance. Then we could go to massive volume support (8900) and up to a low volume node (9050).
Watch for breakouts above any of the major support/resistance points.
* (4H-) means anything on the 4 Hour or lower (4H, 3H, 30min, etc.) time frame.
Possible bounce to previous support, then downtrend to macro support, until we reach the main resistance. Then we could go to massive volume support (8900) and up to a low volume node (9050).
Watch for breakouts above any of the major support/resistance points.
* (4H-) means anything on the 4 Hour or lower (4H, 3H, 30min, etc.) time frame.
Trade closed: target reached
A little sooner than expected. Prepare for a recovery soon.
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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.