Short Term Analysis
I'm still very new to charting and this is my first idea. So please take it with a grain of salt.
This is how I'm currently seeing BTC in the short term. I believe we are nearing a breakout stage for the short term.
Case for bullish: 11k has been a strong support and it seems the sell volume has drastically decreased over the past day or so
Case for bearish: Low buy volume and momentum to push us through some heavy resistance. Also, RSI suggests we may move down.
Please I'm still in a hardcore learning phase so I'm open to suggestions to how I can improve. Have a great day!
This is how I'm currently seeing BTC in the short term. I believe we are nearing a breakout stage for the short term.
Case for bullish: 11k has been a strong support and it seems the sell volume has drastically decreased over the past day or so
Case for bearish: Low buy volume and momentum to push us through some heavy resistance. Also, RSI suggests we may move down.
Please I'm still in a hardcore learning phase so I'm open to suggestions to how I can improve. Have a great day!
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.