Things I don't currently like for BITSTAMP:BTCUSD by PentarhUdi

Trend Analysis Technical Indicators

trendanalysis indicator

Just for consideration, daily picture looks not too good!

Comment:

Things getting worse.
- Daily candles continue to stay in negative BB zone
- Middle BB (SMA 20) bent down

Comment:

Comment:

Daily candle went to positive BB zone. SMA bend neutralised. Such a mindfuck is typical for ongoing triangle correction, so watch there is a next idea called "Triangle?"

Comment:

Also, I don't like hanging man weekly candle formed today. Anyway lets see whats up with that potential triangle.

Comment:

Everything bearish seems invalidated.

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.