This chart is telling the main confluence point which is currently -> 100ema in 2h or 200ema in 1h
Bitcoin is also forming a triangle as you can see in the short term,.
1. If btc get's rejected again, i have marked the supports
1. Incase of a break above, Bitcoin will move to higher resistance levels.
Currently Bull power = Bear power, in macro, bears are in control. Let's see who will win.
I am just going to wait for trend confirmation and long/short accordingly
Cheers,
~Nav
Bitcoin is also forming a triangle as you can see in the short term,.
1. If btc get's rejected again, i have marked the supports
1. Incase of a break above, Bitcoin will move to higher resistance levels.
Currently Bull power = Bear power, in macro, bears are in control. Let's see who will win.
I am just going to wait for trend confirmation and long/short accordingly
Cheers,
~Nav
Comment:
Now i am short
-Nav