BitcoinLong
Here are reasons why this breakout was fake
4H RSI shows hidden bearish divergence.
4H Stochastic is fully oversold.
Touching upper BB
Whoever popped bitcoin is now facing high selling pressure. Price is constantly failing to close over the highest high of the leg in the yellow box. Whoever is selling, wants to sell higher, buy back even lower. We have already seen that bitcoin goes through rough manipulation. 1000 points drop in 5 minutes. Those who bought this break out will place stop loss slightly below this range and that's where they will get caught. The break below 10100 will confirm this theory. Otherwise, the break above 10350 on huge volume will drive the price higher.
4H Stochastic is fully oversold.
Touching upper BB
Whoever popped bitcoin is now facing high selling pressure. Price is constantly failing to close over the highest high of the leg in the yellow box. Whoever is selling, wants to sell higher, buy back even lower. We have already seen that bitcoin goes through rough manipulation. 1000 points drop in 5 minutes. Those who bought this break out will place stop loss slightly below this range and that's where they will get caught. The break below 10100 will confirm this theory. Otherwise, the break above 10350 on huge volume will drive the price higher.
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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.