As I mentioned last time, that Red disgonal "line" is actually a large 236 Fib circle and, as usual, it has proved to be a line of resistance, pulling PA down, to reset and allow for moves higher.
Is the "Dip" over ?
Impossible to say but PA is certainly getting into a position to make moves higher.
The Daily MACD
Now below Neutral but note how th eHistogram is showing a White bar..A weakening of the Bearish move. But do understand, this alone is not reliable, as it can turn Red again.
The Daily RSI
This could offer some hope as we see that RSI is in an area were it has bounced previously
But, again, n Guarantees.
The 4 Hour PA chart
This shows us more detail on how PA has just gone Flat...waiting.
Early next week, we get the start of anew Month.
To be able to maintain the Bullish run over the previous months, we need a GREEN month cndle from BTC..
It is currently an inverse Green Hammer candle.
We may stay were we ar enow and Dro further at the start of October.
DON'T PANIC
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
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.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
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.