BitcoinLong
BTC - big pump incoming ?
BTC has pretty damn trash sideways structure on lower timeframes, however sideways action means accumulation of longs or shorts.
Right now, the sentiment is pretty bearish, because every trader see, that we are below that trendline and most positions on bitmex are shorts, which is the best indicator for incoming UPWARDS move.
There is also interesting triangle on 4hr RSI, which is another puzzle indicating, we might see some HUGE green candle, taking price above 55k ?
Right now, the sentiment is pretty bearish, because every trader see, that we are below that trendline and most positions on bitmex are shorts, which is the best indicator for incoming UPWARDS move.
There is also interesting triangle on 4hr RSI, which is another puzzle indicating, we might see some HUGE green candle, taking price above 55k ?
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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.