BitcoinSingkat
Bitcoin Bear Flag
A potentially nice bear flag is setting up on the #BTC 4 hour chart.
Stoch RSI indicator is approaching overbought levels.
Using the length of the flagpole, we get a target of $8571...
... but I think the 50% fib retracement level of $8,868 from the recent bottom tot he recent high may well act as support as it previously held as resistance on two instances as the price rebounded from the bottom.
I want to see BTC -0.44% take a hard dip below these levels to establish whether the last bottom truly was the bottom, as at this stage I remain unconvinced and am still leaning toward the possibility of new lower low that will take us below 6k.
Update idea
Stoch RSI indicator is approaching overbought levels.
Using the length of the flagpole, we get a target of $8571...
... but I think the 50% fib retracement level of $8,868 from the recent bottom tot he recent high may well act as support as it previously held as resistance on two instances as the price rebounded from the bottom.
I want to see BTC -0.44% take a hard dip below these levels to establish whether the last bottom truly was the bottom, as at this stage I remain unconvinced and am still leaning toward the possibility of new lower low that will take us below 6k.
Update idea
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.