BitcoinLong
Is BTC done selling?
Hello,
The market took a down hit and bulls paid the price for now.
Already afraid to put green icons on the chart but because the bearish scenario and control are all over the place BUT I present the "not so common" scenario IMO.
What are we looking at?
1h chart regular candles.
Indicators need bull activity to print the ideas that are placed on the chart.
- An uptrend on the EFI that must hold above the line for PA to be bullish.
- A "bullish cross" on fisher might suggest this TF selling needs some rest.
- and the RSi which is struggling and needs to break the yellow line ANNND gets to a positive phase above 50, which is still far from us.
secure trades, lower levels are very possible.
which? 37-38k.
Daily view naked:
Daily view plotted:
thanks for reading and give like if liked.
for more ideas of mine check links in my profile.
NANP - NO advice NO promise
The market took a down hit and bulls paid the price for now.
Already afraid to put green icons on the chart but because the bearish scenario and control are all over the place BUT I present the "not so common" scenario IMO.
What are we looking at?
1h chart regular candles.
Indicators need bull activity to print the ideas that are placed on the chart.
- An uptrend on the EFI that must hold above the line for PA to be bullish.
- A "bullish cross" on fisher might suggest this TF selling needs some rest.
- and the RSi which is struggling and needs to break the yellow line ANNND gets to a positive phase above 50, which is still far from us.
secure trades, lower levels are very possible.
which? 37-38k.
Daily view naked:
Daily view plotted:
thanks for reading and give like if liked.
for more ideas of mine check links in my profile.
NANP - NO advice NO promise
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.