We are at daily support trendline which is not looking good at this situation right now..
First half of 2018 is gonna end soon,,
maybe we can get reversal from this trendline and make new highs
RSI showing some kind of bullish divergence + Stoch RSI is oversold as well
we still need confirmation on 4H TF as well which i will be updating soon...
if we break this trendline and go down further
next stops will be blue major support levels
And if we get bounce the next levels for high term can be red lines
this is a Do or Die situatuion..
CUrrent situation of bitcoin isnt good as well with News are'nt in favour ... and everyone is in thinking of bearish market which can turn out to be a bullish one..
As marker can become bullish when no one is'nt expecting it
Good luck
First half of 2018 is gonna end soon,,
maybe we can get reversal from this trendline and make new highs
RSI showing some kind of bullish divergence + Stoch RSI is oversold as well
we still need confirmation on 4H TF as well which i will be updating soon...
if we break this trendline and go down further
next stops will be blue major support levels
And if we get bounce the next levels for high term can be red lines
this is a Do or Die situatuion..
CUrrent situation of bitcoin isnt good as well with News are'nt in favour ... and everyone is in thinking of bearish market which can turn out to be a bullish one..
As marker can become bullish when no one is'nt expecting it
Good luck
Note
market can form double bottom with next resistance can be the daily lower highs trendline and can keep the downtrendOR in else scanerio it can break the trendline and go up further
Note
can break this and go up.. we got bounced from daily trendline.. this can be just a simple bounce.on Small TA we need to get confirmations
Note
so we did breakout last night of this consolidation areaNote
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Free Signals : t.me/forexs1gnalZ
For Premium Signals Telegram Group PM us
Like & comment if you agree with our Analysis
For Premium Signals Telegram Group PM us
Like & comment if you agree with our Analysis
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.