Hey Guys,
While I was updating my running TA on BTC. I noticed that a Symmetrical Triangle has formed on the 4 hour.
4H MACD tells us that the momentum of the market is swinging towards the bears favor but the rate of change seems to be slowing down. I have a feeling that the next 2 bars will help define the next few days of trading.
As for resistance, we see multiple resistance levels converging. Notably the 50 EMA, the 50% Fib, top of falling channel (red dotted line). One the breakout, I am going to be targeting 13300. On the breakdown, I am going to be targeting the previous lows around 8,500 to 9,000.
While I was updating my running TA on BTC. I noticed that a Symmetrical Triangle has formed on the 4 hour.
4H MACD tells us that the momentum of the market is swinging towards the bears favor but the rate of change seems to be slowing down. I have a feeling that the next 2 bars will help define the next few days of trading.
As for resistance, we see multiple resistance levels converging. Notably the 50 EMA, the 50% Fib, top of falling channel (red dotted line). One the breakout, I am going to be targeting 13300. On the breakdown, I am going to be targeting the previous lows around 8,500 to 9,000.
Nota
Still trading within the channel. If BTC can hold I see this as a full reversal and will start looking for long positions.
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.