BitcoinShort
The Daily Chart - Bitcoin - Definite pullback occurring now
Updated
https://www.tradingview.com/x/6vT6PBnv/
BTCUSD is conducting a retrace, at most back to 70,000, the big white inefficient candle needs to be revisited and given some 'love', I note that the daily RSI and MACD are showing bearish momentum for the next little while.
Anyway, who would be game to Short Crypto at the moment. Now is a chance on some of them, which are pulling back with Bitcoin, but this is temporary overbought stuff.
BTCUSD is conducting a retrace, at most back to 70,000, the big white inefficient candle needs to be revisited and given some 'love', I note that the daily RSI and MACD are showing bearish momentum for the next little while.
Anyway, who would be game to Short Crypto at the moment. Now is a chance on some of them, which are pulling back with Bitcoin, but this is temporary overbought stuff.
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It was a very capable trader who alerted me to a possible deeper correction for Bitcoin.
The Daily and Weekly charts for BTCUSD are for very strong and bullish momentum for Long positions and more movement to the upside. The 4HR timeframe is slightly bearish, but it appears to be firming up in line with the daily.
How do I know all this? Cheat-sheet inside. (Read market direction on higher charts like a Pro!)
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