BTC next possible move
Why bearish?
1) Rejecting from upper boundary of global descending channel.
2) Fractal B very similar to A after which we got drop.
3) Virus again in action what can cause S&P to drop and affect btc.
4) Vertical volume declining.
5) RSI in descending channel.
6) Lower highs 10xxx, 99xx, 97xx .
7) Drop out from current up-trend's ascending channel.
8) Pressure from asks(used service that shows pressure from all exchanges).
9) If looking on BTC using hight TF - it seems very bearish, see related idea for details(tradingview.com/chart/BTCUSDT/3SCqyFSN-Global-view-on-BTC/)
Why neutral or still bullish?
1) Technically no lower lows for now so up trend not broken according to classical TA.
2) Hash ribbons should provide signal soon(for fans of this indicator only))).
1) Rejecting from upper boundary of global descending channel.
2) Fractal B very similar to A after which we got drop.
3) Virus again in action what can cause S&P to drop and affect btc.
4) Vertical volume declining.
5) RSI in descending channel.
6) Lower highs 10xxx, 99xx, 97xx .
7) Drop out from current up-trend's ascending channel.
8) Pressure from asks(used service that shows pressure from all exchanges).
9) If looking on BTC using hight TF - it seems very bearish, see related idea for details(tradingview.com/chart/BTCUSDT/3SCqyFSN-Global-view-on-BTC/)
Why neutral or still bullish?
1) Technically no lower lows for now so up trend not broken according to classical TA.
2) Hash ribbons should provide signal soon(for fans of this indicator only))).
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