$BTC (still) bearish near-term outlook

BINANCE:BTCUSDT   Bitcoin / TetherUS
Ichimoku is still painting a gloomy picture. The daily stochastic RSI is starting to turn south. Chaikin Money Flow is still showing negative/neutral selling pressure. Volume is also sloping down to being flat. Looking at historical supports and resistances are our best bet now to -k-n-o-w-i-n-g- guessing where the market is going.

If we do not break the next resistance soon, expect next level support between $5600 - 5800.
Comment: Hourly outlook - Neutral to bullish.
The hourly chart is giving us a nicer picture compared to the daily. So this is a very short-term guesswork in the next few hours.

We should see an uptick to break the descending wedge. I expect a nice long green candle to maybe $6200.

This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.


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