BTC Near Term
We may be primed for a bit of a pullback here.
1) MacD and Stoch RSI both seem to be signalling overbought conditions.
2) I've highlighted with arrows where this has occured in recent history and you can see subsequent pullbacks.
3) Possible rising wedge?
Shorted here.
1) MacD and Stoch RSI both seem to be signalling overbought conditions.
2) I've highlighted with arrows where this has occured in recent history and you can see subsequent pullbacks.
3) Possible rising wedge?
Shorted here.
Note
Possible bearish reversal forming. We closed today with a spinning top. This could be the culmination of the rising wedge.
We'll see tomorrow, but that looks likely based on the close of today and previous analysis (above).
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.