BitcoinUpdated

BTC: Weekly Indecision; Daily Double Top; 4H Tightening

Grandpa BTC is seeing a nice tightening range currently on the 4H.

Daily is double-toppy with RSI on steady divergence since May 15th: snapshot

But Daily tightening/EQ is king. As long as bulls can keep the EQ range, the divergence is only a deceleration of the move.

Weekly closed with Doji: Indecision/Potential Reversal: snapshot
Note
BTC: Long-awaited Weekly consolidation might be coming now. Evening-star in the making.

Personally I'm currently in a short term bottom fishing play with EOS, had orders at upper 6, 40ties range. RSI was smashed down on all timeframes up to 4H, + important previous S&R zone. If bounce gets going: TP is at 6,90ies.

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.