BitcoinShort
Still some hope for BTC?
The sudden drop in BTC has broken the .5fib level and is in support zone now. This can be a fake breakout but is highly unlikely to see a trend change from here onwards.
I am overall bearish
1) RSI is still far above from being oversold.
2) Bearish TK cross ( Blue line crossing the Cherry line from above) when we are already below the cloud. Kijun(cherry line) is acting as a resistance now.
If the price drops further .618fib (8398$) is the next support and then 7550$.
Edit: Typo
Further below = REKT!
I am overall bearish
1) RSI is still far above from being oversold.
2) Bearish TK cross ( Blue line crossing the Cherry line from above) when we are already below the cloud. Kijun(cherry line) is acting as a resistance now.
If the price drops further .618fib (8398$) is the next support and then 7550$.
Edit: Typo
Further below = REKT!
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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.