Bitcoin Caution Time Incoming
Good morning fam!
Update: My view on #BTC remains the same. 1 hour time frame shows a hidden bullish divergence which could take #Bitcoin up to 45k then making a short-term higher high, but please be aware the trend will still remain down mid-term.
For the bulls, #Bitcoin needs to print a higher high above 53k for the trend to be in your favor, for now, sadly it isn't.
The volume on most if not all time frames do not agree with the little upside #Bitcoin is showing which makes me very cautious around this price, all the way up to
48K if it even gets there.
On my previous Twitter posts I did mention that I hold a short position at $45'200 and still holding it. I will be looking to add to my shorts again if $46'500 - $47'800.
Right now, I can not be bullish and I will flip if the trend shows me that.
Update: My view on #BTC remains the same. 1 hour time frame shows a hidden bullish divergence which could take #Bitcoin up to 45k then making a short-term higher high, but please be aware the trend will still remain down mid-term.
For the bulls, #Bitcoin needs to print a higher high above 53k for the trend to be in your favor, for now, sadly it isn't.
The volume on most if not all time frames do not agree with the little upside #Bitcoin is showing which makes me very cautious around this price, all the way up to
48K if it even gets there. On my previous Twitter posts I did mention that I hold a short position at $45'200 and still holding it. I will be looking to add to my shorts again if $46'500 - $47'800.
Right now, I can not be bullish and I will flip if the trend shows me that.
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.