Bitcoin set to fall ... any BEARS left?
A rising wedge (blue lines) has already broken to the downside. Price is currently retesting the lower bound of the rising wedge . The horizontal marking what might be the TOP of this relief rally.
RSI has declined during this rally
MACD is looking weak and poised to fall back towards negative territory
RSI has declined during this rally
MACD is looking weak and poised to fall back towards negative territory
Note
50K broken... will it hold?Note
49,450 is resistance. Bulls are retesting this level now. My strategy...BULLISH if Bitcoin breaks and holds above
BEARISH until Bitcoin breaks and holds above
Note
Price is holding .... guess we're BULLISHNote
The 20% drop yesterday shows that we may soon see a much bigger drop. BEARISH and waiting for a buying opportunity when Daily RSI gets below 20.
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.