Oh Dear Lord - BTC looking weak
Think there are multiple arguments from a weak BTC at the moment.
1. failed to break back above diagonal trend line
2. failed to break prior horizontal resistance
3. forming a bearish expanding triangle under resistance
4. bearish RSI divergence
The only positive at the moment is support of long term EMA. We will see who prevails..
1. failed to break back above diagonal trend line
2. failed to break prior horizontal resistance
3. forming a bearish expanding triangle under resistance
4. bearish RSI divergence
The only positive at the moment is support of long term EMA. We will see who prevails..
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.