Get started
Bitcoin

Mixed Signals for BTCUSD

By cybernetwork
Updated
No trading zone. Bearish Biased.

Waiting for a clear confirmation either:
  • [Bullish] Breaking up and finding support on the current upper resistance line,
  • [Mildly Bullish] Dropping back down but finds support at the 9300USD yet again.
  • [Bearish] Dropping below the 9300USD support level.
  • [V.Bearish] Dropping below the 9300USD support level, retests and fails.
  • [V.Bearish] Breaking up through the current upper resistance line, but fails to find resistance turned support and breaks back down into the descending triangle.
Note
Shorter term looking bullish (applying similar analysis):
snapshot
Note
Earlier post did not display correctly due to the use of square brackets.
Reposting..
[B]Waiting for a clear confirmation either:[/B]
{Bullish} Breaking up and finding support over the current upper resistance line,
{Mildly Bullish} Dropping back down but finds support at the 9300USD yet again.
{Bearish} Dropping below the 9300USD support level .
{Highly Bearish} Dropping below the 9300USD support level , retests and fails.
{Extremely Bearish} Breaking up through the current upper resistance line, but fails to find resistance turned support and breaks back down into the descending triangle .
Note
See also shorter term analysis:
BTC looks like it want to head to the 11470 USD level (1D Chart)
Note
BTCUSD has found support on the middle support line at ~10200USD, showing strength in the market.

I'm now expecting BTCUSD to head towards the upper resistance line at ~11000 USD.
accelerationbuysignalChart Patternscyberensembleensemblefg-divergenceTechnical IndicatorsMomentum OscillatorsprismprismsignalssellsignalTrend Analysis
cybernetwork

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.