TradingView
Helical_Trades
Nov 2, 2020 9:32 AM

BTC/USDT : possible movements and daily resistance  Short

Bitcoin / TetherUSBinance

Description

BINANCE:BTCUSDT
Hello everyone😃
Bullish side📈
- RSI had a pullback from limit 30
- Bullish crossover on Stochastic RSI

Bearish side📉
- MACD is bearish, Also had a bearish crossover on higher time frames !
- Helical indicator is being bearish
- Market positions are more neutral but slightly bearish
- Break support line recently
- Bearish FIBBO retracement on 4H time frame
- Bearish Crossing on EMAs
- Bearish engulfing

BTC looks bearish but it need a structure correction on lower timeframes..
Also it just touched resistance level on Daily timeframe into ascending channel !!
Daily chart :

MACD and Stochastic are being bearish on Daily time frame and it could lead the market 12K channel !

Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades
Comments
PolarHusk
Potential retest lower channel. 🐻‍❄️🙏😊😃
Helical_Trades
@PolarHusk, Agreed,TY.
More