Hi everyone, so here is my thoughts on BTC today ( July 31, 2021 @ 11:43AM )
- The price of BTC is still in range, currently at the resistance level, if this break the 41k resistance level, we might see a push to the down side, but that doesn't convince me for a bull market recovery as I still need to see a breakout to the upside from 50k level.
- Looking at the RSI, I'm seeing a bearish divergence here for a possible bounce from 41k to the down side.
- It can breakout but if we still see a bearish divergence, it can still lead to a fake out.
- To confirm the bearish divergence, we need to see a failure of making another HH and that can confirm a further move to the down side.
Personally, still not convinced. Haha.
That's it guys! Take care! NFA, DYOR and TAYOR.
- The price of BTC is still in range, currently at the resistance level, if this break the 41k resistance level, we might see a push to the down side, but that doesn't convince me for a bull market recovery as I still need to see a breakout to the upside from 50k level.
- Looking at the RSI, I'm seeing a bearish divergence here for a possible bounce from 41k to the down side.
- It can breakout but if we still see a bearish divergence, it can still lead to a fake out.
- To confirm the bearish divergence, we need to see a failure of making another HH and that can confirm a further move to the down side.
Personally, still not convinced. Haha.
That's it guys! Take care! NFA, DYOR and TAYOR.
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.