Bitcoin scenarios 01st of February 2021
Hello friends, I was expecting a more violent move to the upside after the Elon move. The fact that BTC didn't react more tells me we see a very powerfull selling pressure at the 37-38.000$ levels.
Bullish : bitcoin breaks and sustains upper 35.000$ levels for more than a few hours
Bearish : bitcoin falls under 31.000$ levels si touches the 28.000$ levels once again.
RSI daily sits on a very (un)comfortable 50 points area.
Trade carefully friends !
Long term bullish either way !
Bullish : bitcoin breaks and sustains upper 35.000$ levels for more than a few hours
Bearish : bitcoin falls under 31.000$ levels si touches the 28.000$ levels once again.
RSI daily sits on a very (un)comfortable 50 points area.
Trade carefully friends !
Long term bullish either way !
Comment:
forgot about it : death cross apeared on the 4H on the 27th ... this usually takes a few days to play out, maybe a week.