This idea is based on the fact that BTC has repeated the same pattern 3 times in a bearish channel, although it will not necessarily continue to be fulfilled, if a pullback is made we could determine an exit. Although currently BTC is not in a good having broken its EMA20 and SMA50.
Part 1:
Part 2:
Part 3:
They are not really very positive, I would go short if he is rejected in the 51k. If you get a pullback, it wouldn't get personal. This is just a pattern-based idea, don't take it too literally.
Indicators:
Exchange BTCUSDT 2h Binance
Price:50,675.10|49,066.77|47,598.87
Vol: 7,356| 8,951| 13,533
ATR: 1,169.5000
OBV: -54.8 K| -62.2 K| -71.2 K
RSI: 53.54| 44.09| 32.45
MFI: 41.65| 38.23| 33.13
CCI: 56.59| -155.03| -291.78
WR%: -7.73| -41.26| -81.61
ADX: 20.93| 22.20| 21.08
MOM: Bullish Momentum
SMA: Price is Above SMA Bullish
ADI: +DI >DI BULLISH
MACD: Bullish
PSAR: Bullish
Support And Resistance
S: $47,598.870
S: $49,333.010
R: $50,853.720
Volatility is moderately low
EXPERIMENTAL 🧪
RSI:No divergences
MI: Bearish divergence
FVE: Bearish divergence
Volume: Bullish Volume Trend
Part 1:
Part 2:
Part 3:
They are not really very positive, I would go short if he is rejected in the 51k. If you get a pullback, it wouldn't get personal. This is just a pattern-based idea, don't take it too literally.
Indicators:
Exchange BTCUSDT 2h Binance
Price:50,675.10|49,066.77|47,598.87
Vol: 7,356| 8,951| 13,533
ATR: 1,169.5000
OBV: -54.8 K| -62.2 K| -71.2 K
RSI: 53.54| 44.09| 32.45
MFI: 41.65| 38.23| 33.13
CCI: 56.59| -155.03| -291.78
WR%: -7.73| -41.26| -81.61
ADX: 20.93| 22.20| 21.08
MOM: Bullish Momentum
SMA: Price is Above SMA Bullish
ADI: +DI >DI BULLISH
MACD: Bullish
PSAR: Bullish
Support And Resistance
S: $47,598.870
S: $49,333.010
R: $50,853.720
Volatility is moderately low
EXPERIMENTAL 🧪
RSI:No divergences
MI: Bearish divergence
FVE: Bearish divergence
Volume: Bullish Volume Trend
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.