BTCUSDT Perpetual ContractSingkat
BTC TECHNICAL ANALYSIS: VOLATILE MOVE COMING
Bollinger Bands on the 4H chart are squeezing.
BTC will test the trend resistance and the RSI resistance soon.
We are in a triangle pattern, there is a massive resistance zone ( as seen in red ) .
Daily chart has been in a BEAR FLAG for a couple of weeks.
4H MACD Bullish cross didn't have lots of bullish momentum, it only created sideways bullish price which set the indicators
ready for another dump (possibly).
20DAY EMA is LOWER than 50DAY EMA which is also bearish.
Daily indicators are also bearish.
We have been in a bear market since NOVEMBER. And the macro economics have only gotten worse.
I see another dump to previous low, maybe even lower.
Only time will tell.
NOTE: This isn't investment advice.
BTC will test the trend resistance and the RSI resistance soon.
We are in a triangle pattern, there is a massive resistance zone ( as seen in red ) .
Daily chart has been in a BEAR FLAG for a couple of weeks.
4H MACD Bullish cross didn't have lots of bullish momentum, it only created sideways bullish price which set the indicators
ready for another dump (possibly).
20DAY EMA is LOWER than 50DAY EMA which is also bearish.
Daily indicators are also bearish.
We have been in a bear market since NOVEMBER. And the macro economics have only gotten worse.
I see another dump to previous low, maybe even lower.
Only time will tell.
NOTE: This isn't investment advice.
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.