looking at the 4H chart and Ichimoku cloud, we can see that the price is right now below the cloud (although the conversion line is well above the baseline which is somehow confusing), and also the cloud is going to turn red after a long time that it used to be greeeeeeeeeen. also the 4H momentum is near -100 and doesn't show any sign of reversal. adding the DMI to the picture, there is an opening gap between DI+ and DI- which could be interpreted as buyers exhaustion.
i feel the we are going to see some downward moves during coming hours or even days, but who knows? it BTC after all.
of course you know the drill. if you are going to invest, do your own homework. i am not a financial adviser or even financial expert, and this is just a mere idea, not a trading advice. trade safe.
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.
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.