Bitcoin has been hitting resistance at 200-week price average($25k) for the past few weeks as the lower indicators test thin lines between remaining bearish or breaking bullish. PPO has both lines below the 0 level which indicate overall bearish price momentum, while the TDI shows the RSI line creating a potential double-top at the 60 level. In general, the RSI will trend between 20-60 during a bear market, and 40-80 during a bull market. I personally would like to see Bitcoin turn around here and head lower for a longer bear market of at least a year. My current average is below $20k and I would like to add more below $20k.
Short-term neutral, medium-term bearish, long-term bullish. FTX drama likely gave us a bottom near $15k, but it would be nice to see a re-test to confirm that $15k is the actual bottom.
Short-term neutral, medium-term bearish, long-term bullish. FTX drama likely gave us a bottom near $15k, but it would be nice to see a re-test to confirm that $15k is the actual bottom.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.