Many users on tradingview are impressed by unlimited amount of indicators available but the truth is that just finding and adding together random indicators is something that brings unpredictable results. Every good trader will tell you that after you learn the knowledge biggest time goes to practice and learning when certain indicator works and when it doesn't...
On the H4 we expect price to drop from 1661, following Weekly plan analysis that Thursday usually caps the week off & follows with main hightimeframe trending bearish bias.
The daily chart seems quite indecisive at the moment, but by zooming out the weekly things look much more bearish to from here. Clearly looks like we are in a consolidation between Weekly 200 EMA as resistance and 200 MA as support. Also we have some very heavy resistance around 4200. Weekly 21 MA is closing in on price, currently at 4182. The blue...
Bitcoin Monday Morning Feeling Bitcoin finally gave up the weekend rally with a little double top at 8399 before falling away overnight to a low at 8005 at 06:00 gmt/01:00est A break below 8000 was needed to trigger the next short from here. Since then it's made a little counter-rally but looks vulnerable again once it fails and the small rising dynamic...