Hello friends, wow, rejected again and back into the Neutral zone. DON'T GRAB A FALLING KNIFE! Wait for the pull back...
I'm going to stay with the Trend at this time and call Neutral... If we break both support lines, I'm bearish to 10,000.
SHORT TERM: Neutral MID TERM: Neutral Bullish LONG TERM: Bullish
I'm expecting a reversal and stay in the Neutral accumulation zone.
I am not an investment adviser, please do your own homework.
LIKE I ALWAYS SAY, SET STOP LOSSES! DID YOU MAKE MONEY THIS DUMP?
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Call Before this Chart
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S&P Activity.
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Looks like BTC stay in the no trade zone channel, so that said, new call; Neural, Bullish and Bearish. IF we stay low in the channel, we may be squeezed between the channel and the raising or ascending channel causing a breakout one direction or the other...IF not we may bounce between the ascending channel top and bottom (long wicks) area...
are we bullish now with that divergence on RSI ad MACD on 1h TF ?! :)
Vascoins
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@CryptoSnoopy, I would say we are Neutral... we may dip to around 10450, but so far the bullish trend line has been holding... BUT i would add a stop loss at around 10400 or where you are comfortable, if you are shorting, it may be pulled down to 10k or lower. BUT I wouldn't do anything until you have confirmation pull back. IMO we are in the no trade zone, unless you are scalping.
Vascoins
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@CryptoSnoopy, in the short term, we may revisit 10680 first. I don't use the RSI or the MACD in shorter time frames. I don't use the standard volume indicator either. I add them to the chart because it seems to be what people understand.
That dump was too quick. You guys have an idea who's behind it: market makers, high frequency algo traders, institutional investors? I mean, it doesn't look like something from the natural ebb and flow of markets.