Looking weak to the downside right now.
This looks to me like BTC is currently breaking a trend line coming from the lows around 3800. (Looks like a bearish rising wedge of some sort).
I am targeting a move towards $4950, and potentially $4700. Third target being around $4680. If the next hourly candle closes below $5375 then this will strengthen the bearish move down.
- Stochs are weak.
- RSI is down and lost the EMA heading into the BControlZone.
- MACD weakening further and about to cross bearish (on the hourly).
Stop-loss: $5560, the opening break-down candle.
This looks to me like BTC is currently breaking a trend line coming from the lows around 3800. (Looks like a bearish rising wedge of some sort).
I am targeting a move towards $4950, and potentially $4700. Third target being around $4680. If the next hourly candle closes below $5375 then this will strengthen the bearish move down.
- Stochs are weak.
- RSI is down and lost the EMA heading into the BControlZone.
- MACD weakening further and about to cross bearish (on the hourly).
Stop-loss: $5560, the opening break-down candle.
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.