Short Term Analysis
I'm still very new to charting and this is my first idea. So please take it with a grain of salt.
This is how I'm currently seeing BTC in the short term. I believe we are nearing a breakout stage for the short term.
Case for bullish: 11k has been a strong support and it seems the sell volume has drastically decreased over the past day or so
Case for bearish: Low buy volume and momentum to push us through some heavy resistance. Also, RSI suggests we may move down.
Please I'm still in a hardcore learning phase so I'm open to suggestions to how I can improve. Have a great day!
This is how I'm currently seeing BTC in the short term. I believe we are nearing a breakout stage for the short term.
Case for bullish: 11k has been a strong support and it seems the sell volume has drastically decreased over the past day or so
Case for bearish: Low buy volume and momentum to push us through some heavy resistance. Also, RSI suggests we may move down.
Please I'm still in a hardcore learning phase so I'm open to suggestions to how I can improve. Have a great day!
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