Bitcoin is certainly looking Bullish on the lower time frames and, in my opinion, continur to fall in the Flag till we get near that lower Trend line of Ascending channel we been making since the Low around 76K
The 4 hour MACD is falling Bearish and support the idea of a continues Drop to lower Trend line
https://www.tradingview.com/x/lSaUcTQj/
I think the Margins are too tight to do any day trading
Just Sitting, waiting.
Longer term, I am still prepared to see another Drop Lower but maybe not to the 76K range again.
The Monthly candle for March is currently Green off an expected RED.
It has Long wicks above and Below, showing a good fight between Bulls and Bears.
The Body of this candle is not Big but it would take a serious drop out of range to turn it red
So, RELAX
We should be OK
The 4 hour MACD is falling Bearish and support the idea of a continues Drop to lower Trend line
https://www.tradingview.com/x/lSaUcTQj/
I think the Margins are too tight to do any day trading
Just Sitting, waiting.
Longer term, I am still prepared to see another Drop Lower but maybe not to the 76K range again.
The Monthly candle for March is currently Green off an expected RED.
It has Long wicks above and Below, showing a good fight between Bulls and Bears.
The Body of this candle is not Big but it would take a serious drop out of range to turn it red
So, RELAX
We should be OK
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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.