Long term BULL + Short term BEAR case
BTC is once again making a case for BULLS, at least short term.
We'll see what happens.
The 4Hr RSI getting stronger & can be seen on daily charts.
Longer term #BTC is making a GREAT case for bulls. But can take some time.
However, don't be naive. The current area is not the best place for #bitcoin to build a SUPPORT level, 25k much better.
BUT, it can, of course.
These are support levels forBTC to build upon.
For BULLS, 25k is BEST. However, it doesn't kill cause if it goes lower.
23.5k can be satisfied by the trend line.
Gap top is 21k & the Gap bottom is 20k.
Don't think the SUPER LONG TREND is in play, white lines, but who knows.
BTC is once again making a case for BULLS, at least short term.We'll see what happens.
The 4Hr RSI getting stronger & can be seen on daily charts.
Longer term #BTC is making a GREAT case for bulls. But can take some time.
However, don't be naive. The current area is not the best place for #bitcoin to build a SUPPORT level, 25k much better.
BUT, it can, of course.
These are support levels for
BTC to build upon.For BULLS, 25k is BEST. However, it doesn't kill cause if it goes lower.
23.5k can be satisfied by the trend line.
Gap top is 21k & the Gap bottom is 20k.
Don't think the SUPER LONG TREND is in play, white lines, but who knows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.