xtremerider8

BTC not looking good in this weekly chart...Trade cautiously

xtremerider8 Telah dikemas kini   
BITSTAMP:BTCUSD   Bitcoin
BTC was rejected down by the pink ma20 3x last few weeks.
This week it was rejected by the green ma50 & was sent down
below the 40k strong support intra=week.
Stochastic RSI turning down again. a small oversold bounce is expected soon.
Bears may be trying to sell it down to the 35-36k zone near ma100
where buyers will buy it up again to 40k
or to the 29-31k zone near ma200,a very strong demand zone
& also a double bottom.
However, Btc would be bullish if it reclaims the ma50 & ma20.
pls do own analysis & share.
Komen:
Pls note that in the daily chart, ema50 crossed down ema100 & also ema200 (Death Cross).
Btc now displaying an indecision candle in the weekly chart..so may go bothways...with downside bias.

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.