Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Last Trade, I just manage to breakeven to my longs and shorts position on Bitcoin and ALTs. I think, in the weeks to come, Bitcoin is changing trend from uptrend to down trend in the short term. Not yet confirm a bear market.
For this trade, It will last only from 8 Hours to 2 days (Maximum).
Next TA on Bitcoin is on Daily, Weekly and Monthly Timeframe.
______
Technical Analysis
4HR
Currently, the price of Bitcoin is below the Moving Averages. Most likely a downtrend. But if you see on RSI, Stoch RSI & MACD - there is a hidden bullish divergence on this downtrend. Most likely, the price to bounce up and go down after. I think EMA 21 (Violet) will act as a strong resistance in this downtrend.
tradingview.sweetlogin.com/proxy-s3/snapshots/q/q8E84hpV.png
1HR
As you see in the RSI, it struggles to hold above 50 level. Most likely, more downtrend to come.
tradingview.sweetlogin.com/proxy-s3/snapshots/e/E4GVqpHm.png
15 minute
tradingview.sweetlogin.com/proxy-s3/snapshots/j/jzLvZR5u.png
Trade Setup
Take note that the trend is on downside. Just making long position for a potential price bounced then downtrend after.
tradingview.sweetlogin.com/proxy-s3/snapshots/g/Gjhj2Ins.png
______
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Last Trade, I just manage to breakeven to my longs and shorts position on Bitcoin and ALTs. I think, in the weeks to come, Bitcoin is changing trend from uptrend to down trend in the short term. Not yet confirm a bear market.
For this trade, It will last only from 8 Hours to 2 days (Maximum).
Next TA on Bitcoin is on Daily, Weekly and Monthly Timeframe.
______
Technical Analysis
4HR
Currently, the price of Bitcoin is below the Moving Averages. Most likely a downtrend. But if you see on RSI, Stoch RSI & MACD - there is a hidden bullish divergence on this downtrend. Most likely, the price to bounce up and go down after. I think EMA 21 (Violet) will act as a strong resistance in this downtrend.
tradingview.sweetlogin.com/proxy-s3/snapshots/q/q8E84hpV.png
1HR
As you see in the RSI, it struggles to hold above 50 level. Most likely, more downtrend to come.
tradingview.sweetlogin.com/proxy-s3/snapshots/e/E4GVqpHm.png
15 minute
tradingview.sweetlogin.com/proxy-s3/snapshots/j/jzLvZR5u.png
Trade Setup
Take note that the trend is on downside. Just making long position for a potential price bounced then downtrend after.
tradingview.sweetlogin.com/proxy-s3/snapshots/g/Gjhj2Ins.png
______
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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.
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.