Hello,
This will be my first posting on trading view to educate people on current situation of BTC.
Binance Chart on 2H,- 4H TF and 15min Time Frame Indicates following.
On the 4h chart, the Kijun (Ichimoku indicator) is above the trend (bearish) marking at $10,600 area.
On the 2h chart, we are still looking for wave 5.
On the 15min TF, we see we probably got the wave 4, and we did not close the daily above $10,500.
On the 2h chart, the “double MACD” and RSI are sideways.
BTC will remain sidelines from range of 9900-10300$. BTC is expected to be more on downside. During current consolidation, scalping trades can be initiated but manage your own risk.
Above situation posted is only for educational purpose.
This will be my first posting on trading view to educate people on current situation of BTC.
Binance Chart on 2H,- 4H TF and 15min Time Frame Indicates following.
On the 4h chart, the Kijun (Ichimoku indicator) is above the trend (bearish) marking at $10,600 area.
On the 2h chart, we are still looking for wave 5.
On the 15min TF, we see we probably got the wave 4, and we did not close the daily above $10,500.
On the 2h chart, the “double MACD” and RSI are sideways.
BTC will remain sidelines from range of 9900-10300$. BTC is expected to be more on downside. During current consolidation, scalping trades can be initiated but manage your own risk.
Above situation posted is only for educational purpose.
Trade active
BTC Update:Refer to the telegram link given for accuracy of the charts. Above chart posted is only for demonstration purpose.
Binance Chart 2H, 4H, and 15 Timeframe indicates the following situations.
BTC remains sideways for now, and we believe for more downside.
On the 4h chart, the Kijun (Ichimoku indicator) is above the trend (bearish) marking at $10,600 area.
On the 15min & 2h chart, BTC is still looking for wave 5.
On the 15min TF, probable indication for wave 4 but BTC failed to daily close above $10,500 which is still bearish sign.
On the 2h chart, the “double MACD” and RSI indicate some sideways movements of BTC current range $10300-10500).
It might be preferable to remain sidelines.
Disclaimer:
The above chart published was only for earlier demonstration purpose. Please refer to the telegram link below to get accurate charts. I prefer to not to share any URL links for my charts.Do NOT trade based on what you see in this analysis and the Analysts that produced this analysis are not be held responsible for any losses that may occur.
You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading. You should only trade based on your knowledge, experience, and risk as a trader.
This information is for educational purpose only.
Trading in any market contains a high degree of risk. It is possible and EXTREMELY likely that you will lose some if not all of your initial investment.
The Analysts that produced this TA are not licensed, financial planner or adviser. If you are unsure of anything in the financial market, always seek advice from a licensed financial planner or adviser.
Invest at your own risk and as always, do your own research!
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.
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.