Hi,
This is my short term view (8h) on BTCUSD.
As we can see the EMA50/100/200 and MA200 are back under the bars so that gives it in my eyes a little support uptrend. As technical analysis says everything is pretty ok, from buy to strong buy from 1min to 1 month. The only bad things are the oscillators and more precisely Momentum, MACD and RSI.
A: In my opinion it will go to A1 or A2 by the end of the evening (GMT+1). Everything looks good for an upwards move, it can take a little resistance (blue lines i made) but it will eventually go up again for a new try on a ATH.
B: If a A fails or there will be lots of resistance then it will stay here in this part. But then I see it go up again towards the A.
C: BTC needs more time to stabilize his price before going up again, eventually can take some hours but then it should take the B or A path.
D: If there will be a sell-off or a sudden drop or it can't go through the resistance line it will definitely go for one of the D paths. 18100$ is u huge support line in the last days and it will bounce towards this support in the worst case but I think it will hold also if BTC touches here.
These are one of my first ideas and public ideas on tradingview.
Please comment your idea's, things you think might be different, mistakes I made,..
And like I said before, this is no financial advice, this is just MY view and way of thinking, I could be also wrong so please think before buying/selling/trading :)
Thanks for reading
This is my short term view (8h) on BTCUSD.
As we can see the EMA50/100/200 and MA200 are back under the bars so that gives it in my eyes a little support uptrend. As technical analysis says everything is pretty ok, from buy to strong buy from 1min to 1 month. The only bad things are the oscillators and more precisely Momentum, MACD and RSI.
A: In my opinion it will go to A1 or A2 by the end of the evening (GMT+1). Everything looks good for an upwards move, it can take a little resistance (blue lines i made) but it will eventually go up again for a new try on a ATH.
B: If a A fails or there will be lots of resistance then it will stay here in this part. But then I see it go up again towards the A.
C: BTC needs more time to stabilize his price before going up again, eventually can take some hours but then it should take the B or A path.
D: If there will be a sell-off or a sudden drop or it can't go through the resistance line it will definitely go for one of the D paths. 18100$ is u huge support line in the last days and it will bounce towards this support in the worst case but I think it will hold also if BTC touches here.
These are one of my first ideas and public ideas on tradingview.
Please comment your idea's, things you think might be different, mistakes I made,..
And like I said before, this is no financial advice, this is just MY view and way of thinking, I could be also wrong so please think before buying/selling/trading :)
Thanks for reading
Comment:
the way it goes now it will bewteen B and D1
Comment:
C-D1 it became