BTC at the moment is situated into a descending triangle which can breakout any direction
We have stoch bearish divergence at 1D and also stoch value is close to be overbought
Ichimoku cloud which act as a strong rezistence
Cboe futures until 16 oct which is bearish also
No volume
We need to go down below 5k for a reversal becouse RSI and MACD is too high at 1month
We have stoch bearish divergence at 1D and also stoch value is close to be overbought
Ichimoku cloud which act as a strong rezistence
Cboe futures until 16 oct which is bearish also
No volume
We need to go down below 5k for a reversal becouse RSI and MACD is too high at 1month
Note
1 month analysisTo remain bullish in global trend we need for RSI to find support at 40 or above(+5) and MACD come down for neutral position(0)
Trade active
6300$ support broken.Check a little bit the difference beetwen Binance and Bitmex. Lowest price at binance tonight was 6256 and in Bitmex 57++ (xbtz18).
Bitmex all time was tried to push price down and also to liquidate how much person they can.
Next target is 6000$ and final target til 16 oct(CBOE EXPIRES) is 5500-5555$
Trade closed: target reached
Target reached
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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.