Been a while since the last update, I've been quite busy although I kept reading stuff here and there.
BTC is developing a bear flag BELOW the 200 days EMA. This mainly means we are going down!
Stochastic RSI shows a fast invesrion from the overbought area down to zero.
Personally I would set a target price around 7200, close to the strong trailing support level highlighted in "pink".
As a side note we always need to take into consideration that this market is highly manipulated and almost anything can happen. I'm waiting for a breakout towards the bottom of the bear flag as a trend confirmation.
***As usual, this is not a trading advice.. It is merely my idea for educational and informational purposes only***
BTC is developing a bear flag BELOW the 200 days EMA. This mainly means we are going down!
Stochastic RSI shows a fast invesrion from the overbought area down to zero.
Personally I would set a target price around 7200, close to the strong trailing support level highlighted in "pink".
As a side note we always need to take into consideration that this market is highly manipulated and almost anything can happen. I'm waiting for a breakout towards the bottom of the bear flag as a trend confirmation.
***As usual, this is not a trading advice.. It is merely my idea for educational and informational purposes only***
Nota
And down we go!
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.