After the last dump BTC has formed a bearflag which is visible on the 1,2,3 and 4 hour. It might take some time to play out, but could also provide a good short oppertunity.
The target for the measured move is around 7.6k - and confirmation would be break of the triangle at around 8k.
Also, the daily RSI and Stochastics show a reversal in momentum, so I would be careful with going long on these levels.
The target for the measured move is around 7.6k - and confirmation would be break of the triangle at around 8k.
Also, the daily RSI and Stochastics show a reversal in momentum, so I would be careful with going long on these levels.
Note
Well - that played out to perfection :)
Be tolerant with others and strict with yourself.
- Marcus Aurelius
- Marcus Aurelius
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.
Be tolerant with others and strict with yourself.
- Marcus Aurelius
- Marcus Aurelius
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.