After a massive move and 50% drop, Bitcoin made a Channel (or Wedge or Triangle or Whatever). The point is this is a Distribution pattern as long as bitcoin is hanging below $7800.
For Confirmation: Volume and Open Interest are going down as the Price is going up. So I'm Bearish as long as bitcoin is below $7800~$8000 and could test lower levels (previous bottom).
Daily Stochastic in the Bullish zone but getting tired.
Daily RSI testing the Neutral Zone (And Hidden Bearish Divergence Confirmed)
Weekly Stochastic gonna test: Edge of the Bearish Control Zone & the trend line from previous Lows.
Weekly RSI will test: Edge of the Bearish Control Zone, EMA & SMA of it (can act as resistance now)
Borjas Tarh Company
Hashem
For Confirmation: Volume and Open Interest are going down as the Price is going up. So I'm Bearish as long as bitcoin is below $7800~$8000 and could test lower levels (previous bottom).
Daily Stochastic in the Bullish zone but getting tired.
Daily RSI testing the Neutral Zone (And Hidden Bearish Divergence Confirmed)
Weekly Stochastic gonna test: Edge of the Bearish Control Zone & the trend line from previous Lows.
Weekly RSI will test: Edge of the Bearish Control Zone, EMA & SMA of it (can act as resistance now)
Borjas Tarh Company
Hashem
Without Risk and Position Management, You WILL Lose Money.
