Price action formed some sort of falling wedge.
Sitting on its support. A few momentum indicators show divergence but they usually send false signals when market is in strong trend.
But it's clear that ichimoku claud is resistance. Broke from the cloud will reinforce bullish signals.
Fixed range shows, over the past few days we have more buying volume that selling.
- box is my accumulation zone.
If TD doesn't lie, today can be the great bottom day. But it will really depend on what bitcoin is doing.
Sitting on its support. A few momentum indicators show divergence but they usually send false signals when market is in strong trend.
But it's clear that ichimoku claud is resistance. Broke from the cloud will reinforce bullish signals.
Fixed range shows, over the past few days we have more buying volume that selling.
If TD doesn't lie, today can be the great bottom day. But it will really depend on what bitcoin is doing.
Note
Got stopped out. But will look for other entries.
First thing I do not like - the bear flag. It's hard to say if it will fail. This will depend on ETH and BTC.
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.