Hi there. I want to share with you my thoughts about Bitcoin for the next few days.
I see a clear head and shoulders pattern, with minimum target at ≈8800. It would match with the fifth Elliott Wave.
The indicators in the short term (1h candles) don't look good:
-MACD cross down.
-RSI could not pass the medium line (50), and is pointing down right now.
-Death cross (EMA50-200)
So, I feel bearish at the moment. Let's see what happen the next days.
Regards.
Legal disclaimer: *THIS IS NOT A BUY/SELL SIGNAL. Try to do your own research before trading.*
I see a clear head and shoulders pattern, with minimum target at ≈8800. It would match with the fifth Elliott Wave.
The indicators in the short term (1h candles) don't look good:
-MACD cross down.
-RSI could not pass the medium line (50), and is pointing down right now.
-Death cross (EMA50-200)
So, I feel bearish at the moment. Let's see what happen the next days.
Regards.
Legal disclaimer: *THIS IS NOT A BUY/SELL SIGNAL. Try to do your own research before trading.*
Note
Btc is moving directly towards the target
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.