philipalexakis

BTC PERP possibly about to go LONG

Panjang
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
As we can see the 4hour short-term is starting to rise from -80. The middle-term 4hour is entering the -80 mark as well.
However, we have to be extremely careful since the 4hour kumo starts to become bigger (the downtrend will hold).
We also have resistance at the green kumo cloud base line.

In the 1D chart, the short & middle trend lines are facing downwards but the long-term line upwards. The 2 lines could re adjust based on the 4hour chart and follow the long-term line.
Penafian

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