Bitcoin
We are still consolidating which is good. When I see consolidation it tells me we are because we are building support in this area. Also the weekend is coming - generally there is little dramatic price action.
RSI heading up to OB and MACD is heading to OS and presenting a bear cross.
Hoping we stay above the $7500 area. One thing I want to point out if we are no longer pinching BB which leads me to believe we might head down again before fully recovering. I'm also looking the the 2 green candles wicks that rejected resistance at $7600.
When the market is like this I like to expect for the worst and since we did end up breaking the trend line I'm very cautious. Good luck everyone.
RSI heading up to OB and MACD is heading to OS and presenting a bear cross.
Hoping we stay above the $7500 area. One thing I want to point out if we are no longer pinching BB which leads me to believe we might head down again before fully recovering. I'm also looking the the 2 green candles wicks that rejected resistance at $7600.
When the market is like this I like to expect for the worst and since we did end up breaking the trend line I'm very cautious. Good luck everyone.
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.