In few hours BTC little up channel is going to face the resistance of the bigger downtrend channel.
What is going to happen?
RSI: Double top and overbought? => BEAR
VOLUME: Descendent => BEAR
MACD: FEW INFO but... crossing down? => NEUTRAL/BEAR
CANDLE: Engulfing bull candle in 30 mins chart => BULL
Think about it and decide. My opinion: Downtrend to 8.15-8.35. IF i am wrong, up to 9.3-9.5
What is going to happen?
RSI: Double top and overbought? => BEAR
VOLUME: Descendent => BEAR
MACD: FEW INFO but... crossing down? => NEUTRAL/BEAR
CANDLE: Engulfing bull candle in 30 mins chart => BULL
Think about it and decide. My opinion: Downtrend to 8.15-8.35. IF i am wrong, up to 9.3-9.5
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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.