Hello everybody, this is my current view on bitcoin. At the moment there aren't many bullish signs indicating that we will go up. MACD supports bears and the price will soon be lower then EMA50, which means we entered BEARISH zone. Currently Bitcoin found a trend/support, but it is very unlikely for it to hold if we start to drop. All in all, anything can happen in the crypto world, but for the moment we should be leaning towards shorting bitcoin and longing when it reaches about 7000+. Also, don't forget to put a stop order for your short order, because as i said, anything can happen, better be safe then sorry.
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Good luck trading!
If you want to get advice and buy/sell signals ahead of time before I am able to release a chart, just message me in tradingview and we will make money together (No fees or subscription required)!
Good luck trading!
Comment:
Update:
A candle should be formed above stop-loss to confirm bullish behavior.
A candle should be formed above stop-loss to confirm bullish behavior.
As you see, we bounced off again from the hammer, indicating that heavy resistance is in that point. No longing BTC until we go past it.