BTCUSD is telling us a few different things right now and we are likely at a major turning point.
The current daily candle is right at the daily kijun/tenkan-sen, giving us a bearish signal if the price closes below them - but a bullish signal if we close above them. Yet we're still above a fairly thick bullish cloud, so it's rather early to say that the immediate trend has turned bearish .
We're also approaching the .618 fib level, which from past performance in the crypto bear market has been a solid tool to spot a major resistance.
IF we turn bearish here or at the .618 fib level, a H&S pattern will form and we will likely go down to test the 4200 horizontal support/resistance level. If that breaks there's the weekly 200ma at around 3.6k~ right now.
IF we remain bullish we will likely not break the 5800-6000 area, but if we do then that might be the end of the bear market.
The current daily candle is right at the daily kijun/tenkan-sen, giving us a bearish signal if the price closes below them - but a bullish signal if we close above them. Yet we're still above a fairly thick bullish cloud, so it's rather early to say that the immediate trend has turned bearish .
We're also approaching the .618 fib level, which from past performance in the crypto bear market has been a solid tool to spot a major resistance.
IF we turn bearish here or at the .618 fib level, a H&S pattern will form and we will likely go down to test the 4200 horizontal support/resistance level. If that breaks there's the weekly 200ma at around 3.6k~ right now.
IF we remain bullish we will likely not break the 5800-6000 area, but if we do then that might be the end of the bear market.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.