Well I checked different time frames and I found out rsi is showing divergence and macd is moving to zero line and it wants to do a dead cross, a minute ago 1h chart made a descending triangle too.
So in my idea it wants to go down, if you check my first idea about btc i said about ma's a lot you can find the possible targets there.
I think the last bearish target will be 8200 area(This is the price which ma 200 is showing us in 4h)
For now ma 10 and ma 50 are acting like the dynamic resistance in 15, 30 and 45 time frame.
Guys keep your eyes open on chart ... it could change everything in a minute(by a whale move).
Trade safe and never forget to set your stop loss.
So in my idea it wants to go down, if you check my first idea about btc i said about ma's a lot you can find the possible targets there.
I think the last bearish target will be 8200 area(This is the price which ma 200 is showing us in 4h)
For now ma 10 and ma 50 are acting like the dynamic resistance in 15, 30 and 45 time frame.
Guys keep your eyes open on chart ... it could change everything in a minute(by a whale move).
Trade safe and never forget to set your stop loss.
Note
Triangle will be confirm to 9k area if we see a candle below the bottom line.Trade closed: target reached
Well my first target was 9150 and it reached nicely :)So what I see now is a little move to down for a while and do a test with support area at 9000, 8900 and of course the hard one (8700)
My target is in the 8700 area.
Lets see what will happen.
Note
And also I have to sayRsi didn't touch the oversold area yet ... which means it still has potential to go down ...
And macd shows a dead cross.
Lets see and also Trade safe guys, I hope I do it right again :D
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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.