Bitcoin has been traidng in this range for over a month.
We are now approaching the 8th touch on this orange resistence line. A confirmation rejection off this resistence can be bad news for bulls.
We have also recieved a short trigger on the EMA Ribbon, this means until all EMAs cross over the down trend is still highly favored.
We are also seeing a slwo decrease in volume so a strong move in either direction should come very soon.
I am currently short, risking no more than 5% of my account. Will scale upon confirmation. Further updates to come soon.
We are now approaching the 8th touch on this orange resistence line. A confirmation rejection off this resistence can be bad news for bulls.
We have also recieved a short trigger on the EMA Ribbon, this means until all EMAs cross over the down trend is still highly favored.
We are also seeing a slwo decrease in volume so a strong move in either direction should come very soon.
I am currently short, risking no more than 5% of my account. Will scale upon confirmation. Further updates to come soon.
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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.
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.