BTC - 27800K is our bounce zone?
BTC has had an EMA cross down on the 4HR, being the 50 and the 200 which is a sign of trend reversal - into bearish momentum - some form of downtrend
BTC has fallen out of multiple pennant structure - sellers were winning
Positively though we have got bullish divergence forming on all time frames up to 12 hours which will be strong buy back signals
For me, 27-28K looks like the zone where will find buyers in numbers, and get a stronger bounce - indicated by the red lines
Lets see what happens...
BTC has fallen out of multiple pennant structure - sellers were winning
Positively though we have got bullish divergence forming on all time frames up to 12 hours which will be strong buy back signals
For me, 27-28K looks like the zone where will find buyers in numbers, and get a stronger bounce - indicated by the red lines
Lets see what happens...
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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.