BitcoinSingkat
Short Term Short
The market in general has lost lots of incentive to invest. However there are a few hands that move the market.
It has been oscillating between highs and lows and now I expect the market to have a short term pull back. Here are the main reasons.
1) Volume is decreasing
2) Candles have touched the yellow uptrend line in the triangle 4 times already, potential inverse cup and handle formation.
3) Going back to the fact that the market lost a global incentive to invest, I still expect BEARISH ENVIRONMENT, EMA 100 and EMA 50 lines are consolidated with the candles. With the bearish market I expect pullbacks in this stage (in my previous analysis I longed the trade because the candles were way below the 2 emas.
4) MACD is not showing a positive momentum.
Waiting for a pullback the next 2 days and depending on the EMA levels I will have long entries.
It has been oscillating between highs and lows and now I expect the market to have a short term pull back. Here are the main reasons.
1) Volume is decreasing
2) Candles have touched the yellow uptrend line in the triangle 4 times already, potential inverse cup and handle formation.
3) Going back to the fact that the market lost a global incentive to invest, I still expect BEARISH ENVIRONMENT, EMA 100 and EMA 50 lines are consolidated with the candles. With the bearish market I expect pullbacks in this stage (in my previous analysis I longed the trade because the candles were way below the 2 emas.
4) MACD is not showing a positive momentum.
Waiting for a pullback the next 2 days and depending on the EMA levels I will have long entries.
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.