BTC Leaning Bearish
Updated
At Work and not much time but we could be looking at a significant drop coming in the next few days to week. Good time to accumulate BTC or any Alts when the dip comes. BTC could follow the tight uptrend channel for a few days before breaking lower. RSI becoming oversold but still room for it to go up before a drop. A break down of $4850 would signal a lower low (potential downswing), if it holds looking for a small equilibrium pattern to form. Resistance at $5417 for now. Wook ratio indicator is showing a bearish move down. ***Not Shown, MACD looking for a bearish cross.
Note
Looking for a move to the top of the Channel here.Note
Nice little run, staying in our channel.
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.