Alright folks. Seems beers are getting tired. Time for some action. Based on what I see the chances of an uptrend right now is higher than another downtrend.
Check 4hr RSI! O_O
its ready for a short term up it seems. Around 100-300
I put 70% of equity on long higher than resistance and 30% on short lower than support
There's a bearish divergence forming on both 4h and 1h. I've marked my recent ideas if you wanna check them too. Never trade without stop loss; never trust btc.
Short term long. with tight stop loss tho, this one is risky and be ready to go short.
i expect a short term dead cat bounce
We are at a pivotal point. If it goes down, it bleeds down to next support.
Unless a real breakout happens, Culter's RSI suggests price will drop.
Well it sure looks like a rising wedge... but apparently I'm not that good at it, so ... suit yourself! :)
1- Major resistance at current level 2- Major bullish divergence in 4hr chart 3- Strong volume did not result in huge drops compared to previous hours 4- Hourly chart suggests long 5- Way in oversold area I expect an strong retracement shortly. All said, don't trade without stop loss.
a short term retrace back to 8450 is very possible. SL is a must.