BT has been rejected again from the 19500 area and is trying to stay up just under resistance, that is not looking good , i think will pullback soon to the 19100 area, but i would not enter a trade until i see a nice bearish or bullish formation visible on the chart, this ping-pong play is not very easy to play, I preferred in this moment ETH that has a faster move especially on intraday trading ; in any case RSI on 15M is oversold but on 30 and 1H is overbought so it is a mixed signal, we could either see a bounce up soon or just a big pullback down to 19100-18900, for me it is a no trading zone at the moment, will wait and see if a spot will open , i still favour short as BTC is not capable to move up and any move is sold off , lets see whats next
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.