AjnoudaSikret

BEARS BE CAREFUL... BTCUSD

Long
AjnoudaSikret Updated   
BITFINEX:BTCUSD   Bitcoin
Some basics trend lines and fib rules here. With market sentiment overly bearish atm, I feel short squeeze is coming sooner than later. If BTC makes botom here, that will be 3rd strong point of a long term trendline, and will make this trend line official.
Comment:
Another one trend line added to an apex of support
Comment:
Bulls are getting involved. rsi div forming on 15 min chart and candles forming combo of hammer and inverted hammer, which is indication that bulls are joining the fight. Volume is lower on this last bearish swing than one before that.
Comment:
One more trend line align with apex where BTC is now + bul div forming on Daily.

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.