BitcoinLong
BTCUSD another bullish convergence
I'm bullish but only short term. Longer term, I would need to see a break above 9200-9400(daily 200SMA) and a sequence of HH-HL. Until that happens, there isn't much to do, at least on the long side.
BTC is still struggling with the descending channel upper line. This time price retested daily 200SMA and fell towards this level.
Bullish divergence on 4h timeframe warned of a possible bounce... 4h 200SMA is sloping down, but daily is still bullish.
A dead cat bounce? I have no idea.
BTC is still struggling with the descending channel upper line. This time price retested daily 200SMA and fell towards this level.
Bullish divergence on 4h timeframe warned of a possible bounce... 4h 200SMA is sloping down, but daily is still bullish.
A dead cat bounce? I have no idea.
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