https://www.tradingview.com/x/Jv2XZ5ll/
It looks like bulls are not yet ready to give and forms a series of higher low out here. To me btc will keep going sideways and we may have another attempt to 4400+ level, however, it can be ultra risky to join the bulls right now.
But again, we would get another leg down to sub 4000 level soon or later as rsi and all the other indicators have been cooled down effectively , we will need to see at least one bullish divergence to double confirm the downtrend has come to the end.
It looks like bulls are not yet ready to give and forms a series of higher low out here. To me btc will keep going sideways and we may have another attempt to 4400+ level, however, it can be ultra risky to join the bulls right now.
But again, we would get another leg down to sub 4000 level soon or later as rsi and all the other indicators have been cooled down effectively , we will need to see at least one bullish divergence to double confirm the downtrend has come to the end.
Note
On the wayTrade closed: target reached
Note
For those who attempts short, we need to see bearish divergence in low time frame and break down the trend line support on the graph
Forex & Crypto day trader
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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.
Forex & Crypto day trader
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.