-btc has been moving in the rising channel; however, the current trend within the channel is bearish.
-it seems that we are exhibiting some bottoming price action although i believe we will have to go lower.
-it is probable that we will hit mid 9200's (indicated by bullish macd and bottomed out rsi on the hourly) then after we will fall to around 8400 where we may see some distribution (due to bearish macd, dynamic resistances, and rsi on the daily).
stay safe.
not financial advice.
-it seems that we are exhibiting some bottoming price action although i believe we will have to go lower.
-it is probable that we will hit mid 9200's (indicated by bullish macd and bottomed out rsi on the hourly) then after we will fall to around 8400 where we may see some distribution (due to bearish macd, dynamic resistances, and rsi on the daily).
stay safe.
not financial advice.
Comment:
topping action being observed... look to short here
