Bitcoin went up faster than I would have preferred, 45% in just 12 days. A correction of some kind was due. Bitcoin touched the resistance trend line AND it was overbought on the RSI.
At the moment of posting this chart, bitcoin is still around the area where support, the trend line and the 200EMA converge. This area of support is between $8600-8800. Next few candles on the 6hr chart will paint a clearer picture for bitcoin's short term future.
Thumbs up if you agree!
Please leave a comment with your thoughts.
At the moment of posting this chart, bitcoin is still around the area where support, the trend line and the 200EMA converge. This area of support is between $8600-8800. Next few candles on the 6hr chart will paint a clearer picture for bitcoin's short term future.
Thumbs up if you agree!
Please leave a comment with your thoughts.
Nota
Update: pin bar on 4hr chartNota
6hr closed on pin bar candlestick as wellNota
Looks a bit bearish, but still above supportNota
IndecisionNota
30 min chart rounding up - looks bullish in this timeframeNota
1st resistance crossedNota
Declining selling effort for now.Nota
Inverse H&S AND bitcoin is battling resistance around $9170
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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.