Immediate BTC prediction (Daily close)
Immediate BTC prediction.
It would be nice to see this spinning top on the daily close in favour of the upside.
Also on the lower time frames, you can take the current price action as almost an impulse and flag situation to move higher so my hope is still with bitcoin to pull this out of the bag, remember we also have the descending nature we've seen since the may dump hinting a reversal + large wicks in favour of more upside and a few reversal candle formations, let's keep our eyes peeled.
I mean as soon as we do break back above the 200 EMA it's game on for sure but until that happens I have to stay neutral with bitcoin in the immediate short term. Long term bias is still BUY.
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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.