Bitcoin / TetherUSUpdated BTC long and short possibilities.
Hi everyone
this is my chart that leads the price in two possibilities:
1-long may lead BTC to 10800 that is our monthly resistance on ICHI indicator.
2-short may lead BTC to 8500 that is our weekly and daily support ( weekly on ICHI and daily on 50 EMA).
though we still remain on uptrend channel and the price is upon the 50 EMA and the most part the
golden cross happened!?(maybe maybe not) but the MACD and some other indicators tend to negative zone.
.......................................
the conclusion:
.......................................
as far as the price remains on the uptrend channel on my chart I remain bullish for short to mid term.
but if the daily candle closes below the channel hitting the main support area below the ICHI cloud would be imminent.
just look at the weekly chart below to get bigger view. stay safe
Enjoy the merket
this is my chart that leads the price in two possibilities:
1-long may lead BTC to 10800 that is our monthly resistance on ICHI indicator.
2-short may lead BTC to 8500 that is our weekly and daily support ( weekly on ICHI and daily on 50 EMA).
though we still remain on uptrend channel and the price is upon the 50 EMA and the most part the
golden cross happened!?(maybe maybe not) but the MACD and some other indicators tend to negative zone.
.......................................
the conclusion:
.......................................
as far as the price remains on the uptrend channel on my chart I remain bullish for short to mid term.
but if the daily candle closes below the channel hitting the main support area below the ICHI cloud would be imminent.
just look at the weekly chart below to get bigger view. stay safe
Enjoy the merket
Note
If BTC wants to remain in bullish side it has to close up on 9350 otherwise this chart would be validated in short term. the long term is still bearish to me.Note
BTC next movements
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Related publications
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.