BitcoinShort
BTC is in Key area 39k - more likely bearish
Hello folks,
As you can see the price hit the daily 200 SMA and it bounced off, but my guess is that it might touch the 42k level again before falling to 30k. this is on daily basis, rather on Monthly basis 3 patterns candlesticks has formed an Evening Doji Star.
Now after SMA 50 make a cross with SMA 100 it will be a sell signal, for now I will wait for the SMA signal.
Good luck trading and please let me know your thoughts
As you can see the price hit the daily 200 SMA and it bounced off, but my guess is that it might touch the 42k level again before falling to 30k. this is on daily basis, rather on Monthly basis 3 patterns candlesticks has formed an Evening Doji Star.
Now after SMA 50 make a cross with SMA 100 it will be a sell signal, for now I will wait for the SMA signal.
Good luck trading and please let me know your thoughts
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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.