Price chart wise, BTC shows a price trend that resembles a bearish double top .
This chart factors in RSI and MACD , an additional update to my last chart.
Investigating EMA indicates multiple signatures including the EMA's crossing in a bearish fashion and diverging.
Investigating RSI indicates a rather low RSI in the current moment. This may indicate a brief dead cat bounce before continuing its bearish path.
Investigating MACD indicates a brief reversal. However, this is likely brief and it is already showing an emergence of a bearish pattern in the overall bear momentum.
The continuous bearish bearish news for BTC and the panic sell of institutions and retail may continue to contribute to this bear pattern.
The news of the IRS wanting to regulate crypto is yet to be a bullish or bearish case.
Overall, in my book, it is likely BTC will perform a deadcat bounce at around 31k-32k and then continue downwards.
Still relatively new to TA'ing so let me know what you guys think.
This chart factors in RSI and MACD , an additional update to my last chart.
Investigating EMA indicates multiple signatures including the EMA's crossing in a bearish fashion and diverging.
Investigating RSI indicates a rather low RSI in the current moment. This may indicate a brief dead cat bounce before continuing its bearish path.
Investigating MACD indicates a brief reversal. However, this is likely brief and it is already showing an emergence of a bearish pattern in the overall bear momentum.
The continuous bearish bearish news for BTC and the panic sell of institutions and retail may continue to contribute to this bear pattern.
The news of the IRS wanting to regulate crypto is yet to be a bullish or bearish case.
Overall, in my book, it is likely BTC will perform a deadcat bounce at around 31k-32k and then continue downwards.
Still relatively new to TA'ing so let me know what you guys think.
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.