BTC Bulls confirming a 4 hour bulls flag and hitting the $6,500s target where we were visually looking for a daily lower high to form.
It is still a possibility to confirm the drawn bullish reversal inverted head and shoulders, but it is not the likely scenario in my opinion.
The reason for this is because the 4 hour RSI is already 70, and we still need 5% to get to resistance.
We would need to see 4 hour RSI in the 80s for the bulls to see a breakout in the next few days.
Still looking for a daily equilibrium as the most likely scenario.
Liking the shorts continuing to climb as it will be more fuel for the bulls if we do get the break causing a bit of a short squeeze.
Bulls still have some hope! I personally will be utilizing all my cash in BTC and ETH if we do see this $6,800 break.
It is still a possibility to confirm the drawn bullish reversal inverted head and shoulders, but it is not the likely scenario in my opinion.
The reason for this is because the 4 hour RSI is already 70, and we still need 5% to get to resistance.
We would need to see 4 hour RSI in the 80s for the bulls to see a breakout in the next few days.
Still looking for a daily equilibrium as the most likely scenario.
Liking the shorts continuing to climb as it will be more fuel for the bulls if we do get the break causing a bit of a short squeeze.
Bulls still have some hope! I personally will be utilizing all my cash in BTC and ETH if we do see this $6,800 break.
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.