BTC: Update bullish or bearish

2년 전

I consider BTC right now to be in a no trade zone as there seems to be equal arguments for price to go up or down, here I will provide 2 perspectives to predict potential price moves if BTC is bullish or bearish

CHART 1: BEARISH
We are currently seeing RSI divergence mean the bulls are weaker, furthermore we are faces a lot of resistance at this 7,600 region, and also a large shooting star candle rejecting the bulls.
www.tradingview.png

CHART 2: BEARISH
4Hour time frame showing resistance at EMA

www.tradingview.png

Now for the bullish perspective and evidence
The main indicators for this bullish count are the ascending triangle which usually break upwards and the elliot wave count. Ultimately, having a position at the moment is a real gamble and I would suggest waiting for confirmation before making a position

www.tradingview.png

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  ·  2년 전

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