BITCOIN BTC 1 day chart
- Is playing a very nice descending wedge
- Histogram is not showing me any sign of bullish divergence
- RSI making higher low and not showing me any bullish divergence
- Willy plot is showing me a nice W ( W structure = bullish )
- Willy MA moving below the -50 into bearish territory
- I do think BTC is in a bit of a no mans land area sitting between the 50 and 618 fib level, so i believe that we will see a test of the 618 ( 7790 zone). This is not to say that BTC will not have a small price move up as we have seen these violent moves in the last few weeks but more than likely we should see moves a little lower.
As I always tell my group: No ones opinion matters, price will do what price does and to trade at your own risk and always remember to never invest anymore than you willing to lose.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
- Is playing a very nice descending wedge
- Histogram is not showing me any sign of bullish divergence
- RSI making higher low and not showing me any bullish divergence
- Willy plot is showing me a nice W ( W structure = bullish )
- Willy MA moving below the -50 into bearish territory
- I do think BTC is in a bit of a no mans land area sitting between the 50 and 618 fib level, so i believe that we will see a test of the 618 ( 7790 zone). This is not to say that BTC will not have a small price move up as we have seen these violent moves in the last few weeks but more than likely we should see moves a little lower.
As I always tell my group: No ones opinion matters, price will do what price does and to trade at your own risk and always remember to never invest anymore than you willing to lose.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
Trade closed: target reached
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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.
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.