Bitcoin Short-Term Resistance: Watch The Bears!
In this analysis I want to take a look at BTC's short-term price action: what can we expect over the next few days?
As seen on the chart, the price is currently slightly reversing from the diagonal purple resistance. It's too early to call for a reversal, but we have to be cautious nevertheless.
On the bottom you can see the RSI indicator flashing overbought. The previous 2 times this occurred it caused a reversal.
This is exactly the same as today: RSI overbought and hitting resistance. This is not a time to be bullish. I'd wait for the price to pierce through the resistance. For aggressive bears, however, this seems like a perfect bearish swing-trade.
As seen on the chart, the price is currently slightly reversing from the diagonal purple resistance. It's too early to call for a reversal, but we have to be cautious nevertheless.
On the bottom you can see the RSI indicator flashing overbought. The previous 2 times this occurred it caused a reversal.
This is exactly the same as today: RSI overbought and hitting resistance. This is not a time to be bullish. I'd wait for the price to pierce through the resistance. For aggressive bears, however, this seems like a perfect bearish swing-trade.
노트
Price is currently reversing from the exact area that I indicated in my analysis. If this continues we can easily move back towards the 54k-53k area.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.