BitcoinUpdated BTC UPDATE!
Hi, everyone!
BTC has 7 red days in a row, and after one day of consolidation have a two red dailys again. STOCH RSI oversold and trying to engulf, RSI not oversold yet, but very close.
I expect some sideways between the downtrend line(connecting all last tops) and a new support line (green, connects A-C-E). Watch the price action after E, it will determine the direction for the next several weeks.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC has 7 red days in a row, and after one day of consolidation have a two red dailys again. STOCH RSI oversold and trying to engulf, RSI not oversold yet, but very close.
I expect some sideways between the downtrend line(connecting all last tops) and a new support line (green, connects A-C-E). Watch the price action after E, it will determine the direction for the next several weeks.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Note
News about ETF delay arrived and can cause the future straight drop and bear cycle until September 25-30Note
Notice how support became a resistance
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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.