BTC is currently battling at the 5hr time frame.
Bullish case:
With a Golden Cross of 14th Sept at its side and a successful rejection of the SMA10 support of 16th Sept, the trend has potential to continue.
Bearish case:
The VWMA is flat, and if this persists, it's likely to pull BTC down into under SMA200 (need 3-4 more new candles (i.e. 15-20 hours) to confirm this).
Bullish case:
With a Golden Cross of 14th Sept at its side and a successful rejection of the SMA10 support of 16th Sept, the trend has potential to continue.
Bearish case:
The VWMA is flat, and if this persists, it's likely to pull BTC down into under SMA200 (need 3-4 more new candles (i.e. 15-20 hours) to confirm this).
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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.