BTCUSDT.P
On the 30-minute chart, BTC has formed an inverse hammer candle right under the 200 EMA resistance. This is not a good moment for a long position. We should wait for the price to cross the 200 EMA before taking action.
Thank you for reading.
Thank you for reading.
Note
67 678 represents resistance. If the price falls below it and doesn't rise back above, the bias is bearish.Note
That was a red engulfing candle under resistance with high volume. For me, this long entry is canceled.
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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.