Building resistance in 58K level, possible SHORT lays ahead
Hi fellow traders,
Bitcoin
BTCUSD.P is declining a bit and making a nice downwards structure on the 1H frame. What we can see is building resistance on the 58K level.
We can see that the short-term foresight shows a possible resistance in the form of a trend-line rejection. Additionally, a possible rejection from the exponential moving average (50 period) lies in the same area of interest.
That building tension gives us a SHORT possibility whenever rejection is confirmed on a lower timeframe, looking forward to that sweet price-action :)
Happy Trading ^^
Bitcoin
BTCUSD.P is declining a bit and making a nice downwards structure on the 1H frame. What we can see is building resistance on the 58K level. We can see that the short-term foresight shows a possible resistance in the form of a trend-line rejection. Additionally, a possible rejection from the exponential moving average (50 period) lies in the same area of interest.
That building tension gives us a SHORT possibility whenever rejection is confirmed on a lower timeframe, looking forward to that sweet price-action :)
Happy Trading ^^
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