Welcome to my BTC analysis.
The MACD looks bearish, it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the 0.5 resistance from the fib fan. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of the inverse HnS that you can see on the chart (upper yellow line). I will give some updates when it happens.
This is not a recommendation to buy/sell.
The MACD looks bearish, it's nearing the upper resistance. Also the RSI is looking a bit bearish. BTC is approaching the 0.236 fib and the 0.5 resistance from the fib fan. They will probably let Bitcoin drop to finish the E wave of it's pennant. Then I expect a run to around 7500-7650. Hopefully it will break through the neckline of the inverse HnS that you can see on the chart (upper yellow line). I will give some updates when it happens.
This is not a recommendation to buy/sell.
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.