Hello traders and guys of the trading view community. In this analysis, at the moment, in Daily the trend is not clear here. As we are in the important support key betwen the $10,400 USD and $10,198 USD, its could be to produced a manipulation for short position, we need to take as counsel while Bitcoin it's go on.
So, in H4 timeframe we see one change of perspective, because the $10,198 USD it's could be to consider as important level as support, becuase the price tends to go back to the $10,200 USD above it. Because the candlestick show a bullish movement, we have one signal of alert to stay alert, there are one rejection's candlestick and RSI and MACD overbought, and that show a possible bought until the go back to the $11,100 USD to then, confirme the break down of the shoulder head shoulder
IN H1, the RSI indicator show a momentum to see a bought because the price are overbought and RSI make a lowe higher and price action make a lower lower, that show a possible change of trend and bulls are defend for complete to find up the $10,200 USD as maximum point, if the Bitcoin it's was defended for bulls, we could see a bullish movement!!!
So, in H4 timeframe we see one change of perspective, because the $10,198 USD it's could be to consider as important level as support, becuase the price tends to go back to the $10,200 USD above it. Because the candlestick show a bullish movement, we have one signal of alert to stay alert, there are one rejection's candlestick and RSI and MACD overbought, and that show a possible bought until the go back to the $11,100 USD to then, confirme the break down of the shoulder head shoulder
IN H1, the RSI indicator show a momentum to see a bought because the price are overbought and RSI make a lowe higher and price action make a lower lower, that show a possible change of trend and bulls are defend for complete to find up the $10,200 USD as maximum point, if the Bitcoin it's was defended for bulls, we could see a bullish movement!!!
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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.