BTC Maintains Sideways Movement!
HAPPY NEW YEAR!!!!
On the BTC 4hr chart, we can still it's still stuck in its range between 16.7k and 16.3k. There's massive resistance above 16.7k from the 3 EMAs (50, 100, 200) and the horizontal resistance at 16.7k and 17.3k.
Right now I'm waiting for it to approach the 16.3k level to long or the 16.7k or 17.3k levels to short. The MACD is still curving to the upside which is bullish but RSI has lost steam (conflicting signals), therefore we're getting a lot of chop.
If you enjoyed my TA, please send a boost my way and leave a comment below :)
On the BTC 4hr chart, we can still it's still stuck in its range between 16.7k and 16.3k. There's massive resistance above 16.7k from the 3 EMAs (50, 100, 200) and the horizontal resistance at 16.7k and 17.3k.
Right now I'm waiting for it to approach the 16.3k level to long or the 16.7k or 17.3k levels to short. The MACD is still curving to the upside which is bullish but RSI has lost steam (conflicting signals), therefore we're getting a lot of chop.
If you enjoyed my TA, please send a boost my way and leave a comment below :)
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🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
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Penafian
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