BitcoinUpdated BTCUSD : little bounce expected
Last post/target reached :
Globally speaking, volume spike at the end of the 5th. count seems completed :
Weekly is back red and a mid term bullish run with HH seems unlikely for now. Median volume above anterior weekly volume, ths week most continue with high volume or weekly perspective gonna likely be a LL as result :
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Daily MACD is bullish but still in the deep zone. Doesnt expect huge bounce for now. Conservative price dynamic toward 4k. 4H MACD might take some days to form a bullish signal
Globally speaking, volume spike at the end of the 5th. count seems completed :
Weekly is back red and a mid term bullish run with HH seems unlikely for now. Median volume above anterior weekly volume, ths week most continue with high volume or weekly perspective gonna likely be a LL as result :
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Daily MACD is bullish but still in the deep zone. Doesnt expect huge bounce for now. Conservative price dynamic toward 4k. 4H MACD might take some days to form a bullish signal
Trade active
Entering a nice zone. As I was expecting some days was needed to form the signal. Overall I project that we should see a bounce at the end of this ABC :Trade active
Minor reversal zone reached :Note
So short term target remain the same : Trade active
Stopped at 3.9k but im expecting more a 4.2k. Lets wait before new postTrade closed: 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.