BTC Bearish Short Term
Updated
Crossing below the 55 EMA it is clear that BTC is now bearish short term.
RSI and trend line resistance are both strong. Indicating we are on the way down.
10K is next support area to monitor, a break below and we are going down to 9.7k
Overall market is on small downtrend. I think this pullback is healthy, although i would have liked to stay above the long term downtrend resistance line.
-----------------------------------------------------------------------------------------------------
RSI and trend line resistance are both strong. Indicating we are on the way down.
10K is next support area to monitor, a break below and we are going down to 9.7k
Overall market is on small downtrend. I think this pullback is healthy, although i would have liked to stay above the long term downtrend resistance line.
-----------------------------------------------------------------------------------------------------
Note
BTC is testing resistance trend line again. Lets see if it breaks out. I dont think so.Note
Broke resistance, needs to hold and the next candle to open above resistance trend line.Note
BTC broke resistance. 11K here we come?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.