You can see we are forming a bear flag, but there are a couple of potentially bullish signs in the indicators.
1) Look at the RSI. You can see BTC is becoming less oversold even though the price continues to descend. A sign of bullish divergence.
2) Bear volume declining while the price is still traveling lower. This is a good sign although a break to the downside will surely bring back the bears.
3) There is also a bullish MACD cross.
These signs are pointing to exhaustion of the current trend in this time frame.
This is just an idea and waiting for confirmation after a break to either side is the best course of action.
1) Look at the RSI. You can see BTC is becoming less oversold even though the price continues to descend. A sign of bullish divergence.
2) Bear volume declining while the price is still traveling lower. This is a good sign although a break to the downside will surely bring back the bears.
3) There is also a bullish MACD cross.
These signs are pointing to exhaustion of the current trend in this time frame.
This is just an idea and waiting for confirmation after a break to either side is the best course of action.
Dagangan ditutup: hentian tercapai
lol, poor btc
Penafian
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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.