Bitcoin has been trading within a well-defined range since a week. A few days ago, the range has set a clear low around 50.600$. My expectation is, in case the yellow support area will fail, that BTC will make a fake out to trick the bears.
Longer-term time frames are still overly bullish, so the path of least resistance is up at this point. Ideally, we will see an hourly oversold reading on the RSI, which would further strengthen the bullish fake-out case.
Longer-term time frames are still overly bullish, so the path of least resistance is up at this point. Ideally, we will see an hourly oversold reading on the RSI, which would further strengthen the bullish fake-out case.
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
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.