Usually big movement start when MACD crossing up zero line. BTC always test EMA 150(blue line) or EMA200(white line) after that Mooning ^^ , so lets wait for it or we can do some counter-trend trade!
Note
Good sell point! If we break it up find some entry point! LOL
Note
Target hit! Lets wait conformation.
Note
1h chart looks bearish
Note
BTC futures went higher than I thought. Tested 5/8, forgot about Murrey's lines. If the market does indeed re-test 5/8 and fail, that confirms that the bullish sentiment has pretty much gone and an attempt at a move to 3/8 can be expected. If the market then breaks below 3/8, it has definitively turned bearish – and 3/8 then becomes strong resistance as a break back above would represent another change in sentiment, this time back to indecision.
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.